Business
Emgold Closes Second Tranche of Private Placement
(via TheNewswire) March 28, 2019 / TheNewswire / Vancouver, British Columbia - Emgold Mini...
About this update from Emergent Metals Corp
[{"type":"text","content":"Emgold Closes Second Tranche of Private Placement(via TheNewswire)\n\n \nMarch 28, 2019 / TheNewswire / Vancouver, British Columbia - Emgold Mining Corporation (TSX-V: EMR; OTC:EGMCF; Frankfurt Exchange:EMLN) (\"Emgold\" or the \"Company\") announces it has completed a second tranche of a non-brokered private placement (the \"Financing\") by the issuance of 650,000 units (each a \"Unit\") issued as a price of CDN$0.12 per Unit for gross proceeds of CDN$78,000. Together with the first tranche of the Financing, closed on March 8, 2019, the Company has raised aggregate gross proceeds of CDN$731,748. \n\n\n \nEach Unit consists of one (1) common share (a \"Share\") of the Company and one (1) non-transferable share purchase warrant (a \"Warrant\"). Each Warrant will entitle the holder to purchase, for a period of 24 months from the date of issuance, one (1) additional Share of the Company at a price of CDN$0.17 per Share (each a \"Warrant Share\"). The Shares to be issued in connection with the Financing, including the Shares to be issued upon exercise of the Warrants, will be subject to a minimum statutory hold period of four months. The Financing is subject to TSX Venture Exchange (the \"Exchange\") approval. No Finder's Fees were paid in connection with this tranche of Financing. The Company plans a final close of the financing not later than April 26, 2019 and has received approval of a 30 day extension of the Financing from the Exchange.\n\n\n \nProceeds of the Financing will be used for general working capital purposes and for exploration of Emgold's properties in Quebec and Nevada. As announced by press release on March 21, 2019, Emgold is currently completing a 3,000 meter drill program on its Casa South Property, QC.\n\n\n \nAbout Emgold\n\n\n \nEmgold is a junior gold exploration and development company focused on Nevada, Quebec, and British Columba. Our properties include the Golden Arrow, Buckskin Rawhide East, Buckskin Rawhide West, and Koegel Rawhide Properties in Nevada; an option to acquire up to a 91% interest in the Casa South Property in Quebec; and the Stewart and Rozan Properties in British Columbia. The Company has a strategic investment of 3.75 million shares of Troilus Gold Corporation (TSX: TLG) which is advancing the Troilus Gold Project in Quebec. For more information on the Company, investors should review...