EMP Metals (OTCQB:EMPPF) to acquire all shares of Hub City Royalty.
Hub City Royalty holds a 25% interest in the net profits of the company’s subsidiary Hub City Minerals, which was acquired in September 2022.
For all Hub City Royalty shares, the company issued a total of 6.93M share purchase warrants to the vendors. Each Warrant allows to purchase one company share at a price of $1.25 for a period of three years from the date of issuance.
Closing is expected on or about February 22, 2023.