July 26 (Reuters) - Vale SA VALE3.SA :
* EMERITA RESOURCES ANNOUNCES $3,000,000 PRIVATE PLACEMENT
* EMERITA RESOURCES - INTENDS TO COMPLETE A NON-BROKERED PRIVATE PLACEMENT FINANCING OF UP TO 60 MILLION UNITS AT $0.05 PER UNIT
* EMERITA RESOURCES - PROCEEDS OF OFFERING WILL BE USED TO CONTINUE EXPLORATION PROGRAM ON SALOBRO ZINC PROJECT, SATISFY UPCOMING PAYMENT TO VALE S.A.