Emerita gains on positive ruling in Spain

The share price of European exploration and project development company Emerita Resources rose sharply on the TSX-V on Friday, following a favourable ruling on the Aznalcóllar project appeal, in Spain.

Five judges of the Appellate Court of Seville have unanimously ruled in favour of Emerita’s appeal of the lower court’s decision to dismiss a criminal case against the Andalusian government panel responsible for awarding the Aznalcóllar project and the former Director of Mines of the Andalucía.