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Emgold Mining Announces Flow-Through Private Placement and Closes First Tranche
April 5, 2019 / TheNewswire / Vancouver, British Columbia - Emgold Mining Corporation (TSX-V: EMR) ("Emgold" or the "Company") announces that, subject to TSX Ve
About this update from Emergent Metals Corp
[{"type":"text","content":"April 5, 2019 / TheNewswire / Vancouver, British Columbia - Emgold Mining Corporation (TSX-V: EMR) (\"Emgold\" or the \"Company\") announces that, subject to TSX Venture Exchange (the \"Exchange\") approval, Emgold proposes to carry out a non-brokered flow-through private placement of up to 7,500,000 units (\"FT Units\") of the Company issued at a price of CDN$0.20 per Unit to raise up to CDN$1.5 million. Each Unit will consist of one common share issued as a flow-through share (a \"FT Share\") of the Company and one half non-transferable share purchase warrant (a \"FT Warrant\"). Each full FT Warrant will entitle the holder to purchase, for a period of 12 months from the date of issuance, one additional common share of the Company at a price of CDN$0.25 per share (the \"FT Financing\"). All FT Shares issued in conjunction with the FT Financing and common shares to be issued upon exercise of the FT Warrants will be subject to a statutory four month hold from the date of issuance. Finder's fees, in cash or securities, or a combination thereof, may be payable in connection with some or all of the FT Financing in accordance with Exchange policies. The FT Shares will entitle the holder to receive the applicable tax benefits, in accordance with the provisions of the Income Tax Act (Canada). Proceeds of the FT Financing will be used for qualifying exploration on the Company's Canadian properties including the Casa South Property in Quebec. Emgold announces that it has completed a first tranche of the FT Financing with the issuance of 1,275,000 FT Units for total gross proceeds of CDN$255,000. Finders' Fees of $16,000 were paid and 80,000 warrants (the \"Finders' Warrants\") were issued in conjunction with this tranche of the FT Financing. The Finders' Warrants will entitle the holder to purchase, for a period of 24 months from the date of issuance, 80,000 additional common shares of the Company at a price of $0.20 per common share. About Emgold Emgold 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 strat...