Emgold Receives TSX Venture Exchange Approval for Troilus North Acquisition and Closes First Tranche of Flow-Through Private Placement

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[{"type":"text","content":"Emgold Receives TSX Venture Exchange Approval for Troilus North Acquisition and Closes First Tranche of Flow-Through Private Placement(via TheNewswire)\n \n \n\n\nJune 27, 2018 / TheNewswire / Vancouver, British Columbia - Emgold Mining Corporation (TSX-V: EMR) (\"Emgold\" or the \"Company\") is pleased to announce that it has received conditional approval from the TSX Venture Exchange (the \"Exchange\") for its acquisition of the Troilus North Gold Property, Quebec (the \"Troilus North Property\"). The Troilus North Property is an early stage exploration property located adjacent to the former Troilus Mine, recently acquired by Troilus Gold Corporation (\"Troilus Gold\"; TSX-V TLG). Final approval will be received by the Company concurrent with final Exchange acceptance of the first tranche closing of the Flow-Through Financing. \n\n\n\nEmgold is also pleased to announce it has completed a first tranche of its non-brokered flow-through private placement (the \"Flow-Through Financing\"), by the issuance of 1,128,333 flow through units (each a \"FT Unit\") at CDN$0.15 per FT Unit for total proceeds of CDN$169,249.95. 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\") at a price of CDN$0.25 per Share. A Finder's Fee of 10% in cash and 5% in FT Units will be payable in association with the closing of this tranche of the Flow-Through Financing.\n\n\n\nEmgold has entered into a definitive option, earn-in, and joint venture agreement (the \"Definitive Agreement\") with Chimata Gold Corporation (\"Chimata\"; CSE: CAT) giving Emgold the right to acquire up to a 100% interest in the Troilus North Property. As part of the Definitive Agreement, Emgold will issue 2.0 million common shares from its share capital to Chimata and is proceeding with its First Option, as defined below, to acquire an 80% interest in the Troilus North Property. Emgold will be required to issue and additional two million common shares and conduct CDN$750,000 in exploration expenditures over two years in order to complete the First Option. \n\n\n\nAs announced in its press rele...

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