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Emerita Resources Receives Unsolicited Offer from Denarius Metals

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Emerita Resources (EMO.V) late on Monday confirmed that it has received an unsolicited offer from Denarius Metals to acquire all of Emerita's issued and outstanding common shares.

Denarius offered to acquire the shares at a 15% premium to market based on Emerita's closing price on April 10, with consideration structured entirely in Denarius common shares.

Denarius has not outlined any other terms or conditions and indicated that it welcomes a discussion with Emerita on the offer.

Emerita's board, in consultation with its advisors, will review the offer and determine the course of action that is in the best interests of the company and its shareholders.

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