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Emgold Closes Second Tranche Of A Flow-Through Private Placement And Announces Change To Board Of Directors
(via TheNewswire) Vancouver, British Columbia / TheNewswire / July 10, 2018 - Emgold Minin...
About this update from Emergent Metals Corp
[{"type":"text","content":"Emgold Closes Second Tranche Of A Flow-Through Private Placement And Announces Change To Board Of Directors(via TheNewswire)\n\n \nVancouver, British Columbia / TheNewswire / July 10, 2018 - Emgold Mining Corporation (TSX-V: EMR) (\"Emgold\" or the \"Company\") is pleased to announce that it has completed a second tranche of its non-brokered flow-through private placement (the \"Flow-Through Financing\") by the issuance of 2,886,931 flow- through units (each a \"FT Unit\") issued at a price of CDN$0.15 per FT Unit for gross proceeds of CDN$433,039.80. Together with the first tranche closed on June 27, 2018, the Company has raised aggregate proceeds of $602,289.75 to date as part of its Flow-Through Financing. Each FT Unit consists of one (1) common share issued as a flow-through share (a \"FT Share\") of the Company and one half (1/2) non-transferable share purchase warrant (a \"FT Warrant\"). Each full FT Warrant will entitle the holder to purchase, for a period of 24 months from the date of issuance, one additional common share (each a \"Share\") issued at a price of CDN$0.25 per Share. A Finder's Fee of 10% in cash, 5% in shares, and 5% in warrants is payable on a portion of the FT Units in association with the closing of this tranche of the Flow-Through Financing as well as a corporate finance fee of $15,500 payable on a portion of both tranches . The closing of the second tranche of the Flow-Through Financing is subject to TSX Venture Exchange acceptance.\n\n\n \nAs announced in its press release dated May 22, 2018 and updated by a press release on June 5, 2018, Emgold is also in the process of completing a CDN$1.5 million non-brokered non-flow-through private placement (the \"Non Flow-Through Financing\") with the Flow-Through Financing being up to an additional CDN$1.0 million. The Flow-Through Financing and the Non Flow-Through Financing are being collectively referred to as the \"Financings\". Further details on the Financings can be found by referring to those press releases.\n\n\n \nChange to Board of Directors\n\n\n \nEmgold further announces the resignation of Mr. William Witte from its Board of Directors. Mr. Witte is a past-President and CEO of the Company and has been a Director since 1999. The Board wishes to thank Mr. Witte deeply for his many years of dedication and service to the Company.\n\n\n \nEmgold is pl...