Emgold Sells Its Troilus North Property to Troilus Gold for 3.75 Million Shares and C$250,000 Cash

About this update from Emergent Metals Corp

[{"type":"text","content":"Emgold Sells Its Troilus North Property to Troilus Gold for 3.75 Million Shares and C$250,000 Cash(via TheNewswire)\n \n \n \n\nVancouver, British Columbia / TheNewswire / November 28, 2018 - Emgold Mining Corporation (TSXV: EMR) (OTC: EGMCF)(Frankfurt:EMLN) (\"Emgold\" or the \"Company\") announces it has signed a Purchase and Sales Agreement (the \"Agreement\") to sell its 100% owned Troilus North Property, Quebec (the \"Troilus North Property\") to Troilus Gold Corporation (TSX: TLG) (\"Troilus Gold\") for 3,750,000 Troilus Gold common shares and C$250,000 in cash (the \"Transaction\"). Upon completion of the Transaction, which is expected to occur on or about December 5, 2018 (the \"Effective Date\"), Emgold will hold approximately 7.1% of Troilus Gold's issued and outstanding share capital. The contemplated Transaction remains subject to regulatory approval, including final approval of the TSX. The Transaction is arm's length and there is no finder's fee is payable in connection with the Transaction.\n\n\n\nDavid Watkinson, President and CEO of Emgold, stated \"Emgold is very excited to have been able to successfully monetize its Troilus North asset in such a short time span and obtain a significant share position in Troilus Gold, a TSX listed company. We believe combining the Troilus North and Troilus Gold Properties is the best way to unlock the value of the combined properties and create what could be one of Quebec's most significant and exciting gold development opportunities.\" Mr. Watkinson also stated \"The Company is in advanced stages of due diligence on prospective new acquisition targets in both Quebec and Nevada and expects being able to make public announcements in this regard before the end of the year.\"\n\n\n\nAbout Troilus Gold and the Troilus Gold Property \n\n\n\nTroilus Gold is a Toronto-based, Quebec focused, advanced stage exploration and early-development company focused on the mineral expansion and the potential re-start of the former Troilus Mine, an advanced stage gold and copper exploration property in Quebec (the \"Troilus Gold Property\"). The 4,700-hectare Troilus Gold Property is located northeast of the Val-d'Or mining district, 160 km north of Chibougamau, within the Frotet-Evans Greenstone Belt. From 1997 to 2010, Inmet Mining Corporation operated the Troilus Mine as an open-pit and undergr...

More updates from Emergent Metals Corp