Emmerson announce fundraising of £0.85 million to finance the ongoing strategic initiatives of the company

Emmerson Plc, the Moroccan focused potash development company, has raised £0.85 million (before expenses) through an oversubscribed placing and subscription of 130 769 229 new ordinary shares of no-par value each in the share capital of the company (placing shares) at a price of 0.65 pence per share (the issue price) and 43 589 743 attaching warrants with an exercise price of 3 pence per share and a term of seven years from the date of issuance (collectively the fundraising).