Emmerson Resources Limited (ASX: ERM) (Emmerson or the Company) advises of the results of the Company's Share Purchase Plan (SPP) which closed on 13 May 2022.

The SPP, which opened on 27 April 2022 coincided with significant global equity volatility that translated into declines in share price, particularly across the junior mining sector. This back drop resulted in the Company receiving applications from existing eligible shareholders for 1,913,038 new fully paid ordinary shares for a total subscription of $220,000 at the issue price of $0.115 per share.

The new shares will be issued today, 20 May 2022. One of the participants in the SPP was a Director of the Company. The outcome of the SPP follows the successful completion of the share placement (Placement), which raised $5 million (before costs), as announced on 14 April 2022

Emmerson Resources Limited (ASX: ERM) (Emmerson or the Company) advises of the results of the Company's Share Purchase

Plan (SPP) which closed on 13 May 2022.

The SPP, which opened on 27 April 2022 coincided with significant global equity volatility that translated into declines in share price, particularly across the junior mining sector. This back drop resulted in the Company receiving applications from existing eligible shareholders for 1,913,038 new fully paid ordinary shares for a total subscription of $220,000 at the issue price of $0.115 per share.

The new shares will be issued today, 20 May 2022.

One of the participants in the SPP was a Director of the Company.

The outcome of the SPP follows the successful completion of the share placement (Placement), which raised $5 million (before costs), as announced on 14 April 2022

Emmerson's Managing Director, Rob Bills commented: 'We thank those shareholders who participated in the SPP for their support during a particularly volatile period in global equity markets. The early visual results recently returned from our follow-up drilling at our 100%-owned Hermitage are very encouraging and we are now well funded to complete our upcoming work programs across Tennant Creek and NSW.'

Contact:

Tel: +61 8 9381 7838

(C) 2022 Electronic News Publishing, source ENP Newswire