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Emgold Announces Completion of Share Consolidation, Moving Forward with Golden Arrow Acquisition
Vancouver, British Columbia--(Newsfile Corp. - September 1, 2017) - Emgold Mining Corporation...
About this update from Emergent Metals Corp
[{"type":"text","content":"Emgold Announces Completion of Share Consolidation, Moving Forward with Golden Arrow AcquisitionVancouver, British Columbia--(Newsfile Corp. - September 1, 2017) - Emgold Mining Corporation (TSXV: EMR) (\"Emgold\" or the \"Company\") is pleased to announce that it has received the necessary regulatory approval for a consolidation (the \"Consolidation\") of the Company's issued and outstanding common shares (each a \"Share\") on the basis of ten (10) pre-Consolidation Shares for one (1) post-Consolidation Shares. The Consolidation was previously announced in the Company's press release dated July 18, 2017.Prior to the Consolidation, Emgold had 79,712,350 Shares issued and outstanding. Post-Consolidation, the Company has 7,971,206 Shares issued and outstanding. Any fractional Share will be converted to nearest whole Share. The Shares will trade under the new CUSIP Number 290928407 and ISIN number CA2909284077. The Company's name and trading symbol will remain the same. The Shares are expected to begin trading on a consolidated basis on or about September 1, 2017.No action is required to be taken by shareholders who hold their shares through a securities broker, dealer, bank or trust company. Emgold's transfer agent, Computershare Investor Services Inc. (\"Computershare\"), has sent a letter of transmittal to the registered shareholders that are required to submit a duly-completed letter of transmittal and their pre-Consolidation Share certificates to Computershare in exchange for a post-Consolidation Share certificate. If necessary, additional copies of the letter of transmittal can be obtained by contacting Computershare at 1-800-564-6253 or by e-mail at [email protected] previously announced, Emgold is proceeding with its acquisition of an 80% interest in the Golden Arrow gold-silver property in Nevada (the \"Golden Arrow Property\"). The Golden Arrow Property is an advanced-stage exploration property with a comprehensive exploration database including geochemical sampling, geophysics, and over 190,000 feet of reverse circulation and diamond core drilling. A description of the property and details of the acquisition can be found in the Company's press release dated July 18, 2017. Also as previously announced, Emgold intends to complete an equity financing (the \"Offering\") in conjunction with the execution o...