Emgold Receives Approval to Acquire up to a 91% Interest in the Casa South Property, Quebec

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[{"type":"text","content":"Emgold Receives Approval to Acquire up to a 91% Interest in the Casa South Property, Quebec(via TheNewswire)\n\n \n\n\n\n \nVancouver, British Columbia / TheNewswire / March 19, 2019 - Emgold Mining Corporation (TSXV:EMR) (OTC:EGMCF) (Frankfurt:EMLN) (\"Emgold\" or the \"Company\") announces it has obtained conditional approval from the TSX Venture Exchange (the \"Exchange\") to acquire up to a 91% interest in the Casa South Property, QC (the \"Property\"). Closing of the transaction (\"Transaction\") is subject, among others conditions, to final approval by the Exchange. All currency amounts in this press release are in $CDN. The Transaction, originally announced by press release on December 14, 2018, is an arms-length transaction.\n\n \n \nThe Property comprises 180 active mining titles covering a total of 10,061 hectares (100 square kilometers). It is located immediately south of Hecla Mining Corporation's (\"Hecla\") (NYSE:HL) Casa Berardi Mine which has produced over 2.0 million recovered gold ounces since commencing production in 1988. Gold production at the Mine in 2018, reported in a February 21, 2018 news release by Hecla, was 162,744 ounces. Note that the presence of mineral resources and reserves found on the Casa Berardi Mine Property does not guarantee discovery or delineation of mineral resources and reserves on the Casa South Property. \n\n \n \nTerms of the Amended Assignment Agreement \n\n \n \nEmgold has completed an amended assignment agreement (the \"Amended Assignment Agreement\") with Twilight Capital Inc., a third party, a privately held company (the \"Assignor\"), granting Emgold (the \"Assignee\") its rights, held through a binding Letter of Intent (\"LOI\") with Greg Exploration Inc. and Affiliates (collectively referred to as the \"Vendors\"), to acquire up to a 91% interest in the Property. Pursuant to the Amended Assignment Agreement, Emgold has agreed to acquire the rights, held through the LOI executed between the Assignor and the Vendors. Emgold has agreed to compensate the Assignor in the form of a Finder's Fee, as per Exchange policies as follows:\n\n \n \nAt closing of the Transaction, Emgold will issue to the Assignor 807,692 commons shares of the Company representing $52,500, at a share price of $0.065 (based on the Market Price, as defined in Exchange policies, of the Company's common shares...

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