Business
Emgold proceeds with private placement financing
Emgold proceeds with private placement financing.
About this update from Emergent Metals Corp
[{"type":"text","content":"\n\n\n\n/NOT FOR DISTRIBUTION IN THE U.S./\n\n\nTSX Venture Exchange: EMR\n\n\nOTC Bulletin Board: EGMCF\n\n\nU.S. 20-F Registration: 000-51411\n\n\nFrankfurt Stock Exchange: EML\n\n\nVANCOUVER, Sept. 26 /CNW/ - Emgold Mining Corporation (EMR - TSX Venture)\n(the "Company" or "Emgold") is pleased to announce it is proceeding with a\nnon-brokered private placement offering (the "Offering") to raise gross\nproceeds of up to $8,000,000 through the offer and sale of units (the "Units")\nof the Company at a price of $0.11 per Unit.\n\n\nEach Unit will be comprised of one fully paid and non-assessable common\nshare of the Company (a "Common Share") and one transferable common share\npurchase warrant (a "Warrant"). Each Warrant will entitle the subscriber to\nsubscribe for one additional previously unissued common share (a "Warrant\nShare") in the capital of the Company for a period of 24 months following the\ndate of issue at an exercise price of $0.15 per Warrant Share.\n\n\nThere is no minimum subscription for this Offering, and all funds\nsubscribed will be available to the Company for its immediate use. This\nOffering may be closed in one or more tranches.\n\n\nEmgold may pay finder's fees in accordance with TSX Venture Exchange\npolicies, on subscriptions received pursuant to the Offering in the form of\ncash equal to 8% of the proceeds raised and non-transferable options (the\n"Finder's Options") equal to 8% of the total number of Units sold in the\nOffering to subscribers arranged by eligible finders (the "Finders"). Each of\nthe Finder's Options shall be exercisable to acquire a Unit of the Company\n(the "Finder's Units") at a price of $0.11 per Finder's Unit for a period of\n18 months from the date of issuance, subject to adjustment. Each Finder's Unit\nwill be comprised of one common share of the Company and one non-transferable\ncommon share purchase warrant of the Company exercisable to acquire one\nadditional common share of the Company for a period of 24 months from the date\nof issuance of the Finder's Option at a price of $0.15.\n\n\nAll securities issued or issuable in connection with the Offering will be\nsubject to a hold period and may not be traded for four months plus one day\nfrom the date of closing.\n\n\nThe dir...