Shareholders requisition a special meeting to reconstitute Emerita Board

Goodmans LLP is acting as special situations counsel to the Concerned Shareholders of Emerita Resources Corp. in connection with a shareholder requisition for a special meeting to reconstitute the Emerita’s board of directors.

The requisition sought the removal of three directors and the election of three independent nominees and followed concerns regarding board oversight of the company’s Falcon Project litigation, corporate governance, and shareholder accountability.

The Concerned Shareholders, consisting of PM Super Fund, PM1 Trust, The Zip Two Trust and Scott Blair, collectively own more than 5% of Emerita’s outstanding common shares.

Emerita is a natural resource company engaged in the acquisition, exploration, research, and development of prospective mining properties in the Iberian Pyrite Belt with a focus on traditional base metals and precious metals.