Emperor Metals Inc. (CSE: AUOZ) is seeking to complete a non-brokered private placement on a best-efforts basis for up to 13,050,000 flow-through shares at $0.23 per FT Share for gross proceeds of up to $3,001,500, and up to 11,765,000 non-flow-through units at $0.17 per NFT Unit for gross proceeds of up to $2,000,050. Each NFT Unit will consist of one common share and half a warrant for a total of one warrant for one additional common share of the company at $0.30 per share for 24 months after the offering’s closing date. 

Proceeds from the NFT Units will be used to fund ongoing project development expenses at the Company’s Duquesne West Gold Project, as well as working capital and general corporate purposes.

Gross receipts from the sale of FT Shares will be used to incur eligible “Canadian exploration expenses” as defined by the Canadian Income Tax Act related to the Duquesne West Gold Project in Quebec, Canada. All Qualifying Expenditures will be renounced in favor of FT Share subscribers by December 31, 2022. Quebec residents may also claim additional provincial tax credits.

A finder’s warrant worth 6 percent of the number of FT Shares and NFT Units sold by the finder will be issued to finders, as well as a finder’s fee of 6 percent of all monies raised. Each Finder’s Warrant will allow the holder to purchase one non-flow-through common share of the corporation for $0.17 for 24 months beginning on any Closing Date. Securities will be subject to a four-month and a day holding period from any Closing Date. The securities will be issued in accordance with the policies of the Canadian Securities Exchange and applicable securities laws, in addition to the approval of the Canadian Securities Exchange.