Emgold Closes Sale of Troilus North Property to Troilus Gold for 3.75 Million Shares and C$250,000 Cash

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[{"type":"text","content":"Emgold Closes Sale of Troilus North Property to Troilus Gold for 3.75 Million Shares and C$250,000 Cash(via TheNewswire)\n \n \nVancouver, British Columbia / TheNewswire / December 5, 2018 - Emgold Mining Corporation (TSXV: EMR; OTC:EGMCF; FRANKFURT:EMLN) (\"Emgold\" or the \"Company\") announces it has closed its previously announced sale of its Troilus North Property (the \"Property\") to Troilus Gold Corp. (TSX: TLG) (\"Troilus Gold\") (see news release of the Company dated November 28, 2018 for details). As consideration for the sale of the Property (the \"Transaction\"), Troilus Gold has issued Emgold this day, 3,750,000 common shares from treasury (the \"Consideration Shares\") and paid Emgold C$250,000 in cash. Emgold currently holds approximately 7.1% of Troilus Gold's issued and outstanding share capital. \n\n\n \nThe Consideration Shares are subject to a four-month statutory hold period. In addition, for a period of two-years from the closing date, being December 5, 2020, Troilus Gold will have a Right of First Refusal (the \"ROFR\") pursuant to which Troilus Gold shall have the opportunity to find a buyer at equal or superior terms in the event Emgold wishes to dispose any of the Consideration Shares (the \"ROFR Period\"). During the ROFR Period, provided Emgold holds no less than 5% of Troilus Gold's issued and outstanding share capital, Emgold shall have a further participation right whereby Emgold shall be granted the right to maintain its proportional interest in Troilus Gold, subject to certain conditions. \n\n\n \nAbout Emgold\n\n\n \nEmgold is a Vancouver based gold exploration and mine development company with exploration properties located in the Nevada and British Columbia. These include the Golden Arrow, Buckskin Rawhide East, Buckskin Rawhide West, and Koegel Rawhide properties in Nevada, and the Stewart and Rozan properties located in British Columbia.\n\n\n \nAlain Moreau, P.Geo., a qualified person under the NI 43-101 instrument, has reviewed and approved the content of this press release.\n\n\n \nOn behalf of the Board of Directors\nDavid G. Watkinson, P.Eng.\nPresident & CEO\n\nFor further information, please contact:\n\n\n \nDavid G. Watkinson, P.Eng.\nTel: 530-271-0679 Ext 101\nEmail: [email protected]\n\n \n \nNeither TSX Venture Exchange nor its Regulation Services Provider (as the term is defin...

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