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Nevada Sunrise Grants an Option to Acquire Emgold Shares
Vancouver, British Columbia--(Newsfile Corp. - February 8, 2019) - Nevada Sunrise Gold Corpor...
About this update from Emergent Metals Corp
[{"type":"text","content":"Nevada Sunrise Grants an Option to Acquire Emgold SharesVancouver, British Columbia--(Newsfile Corp. - February 8, 2019) - Nevada Sunrise Gold Corporation (TSXV: NEV) (\"Nevada Sunrise\" or the \"Company\") announced today that the Company has granted to an arms length private third party an option to purchase up to 4,000,000 common shares (the \"Emgold Shares\") of Emgold Mining Corporation (TSXV: EMR) (\"Emgold\") for proceeds of $240,000, exercisable until February 28, 2019 (the \"First Option\"), and up to a further 1,000,000 Emgold Shares for proceeds of $80,000 exercisable until August 31, 2019 (the \"Second Option\"). Any proceeds to be received by the Company following exercise of the options will be used for exploration on its Nevada mineral properties and for general working capital purposes. The exercise of the First Option will reduce the Company's ownership position in Emgold to 1,000,000 common shares of Emgold Shares, which represents an approximate 2.83 percent interest in the issued and outstanding shares of Emgold. This news release is being issued in pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which also requires a report to be filed with the regulatory authorities in each jurisdiction in which Emgold is a reporting issuer containing information with respect to the foregoing matters (the \"Early Warning Report\"). A copy of the Early Warning Report will be filed on the Emgold's profile on SEDAR and may also be obtained by contacting the Company at (604) 428-8028 or by email at [email protected] Nevada SunriseNevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC, Canada, that holds interests in gold, cobalt, copper and lithium exploration projects located in the State of Nevada, USA. The Company's key gold asset is a 21% interest in a joint venture with Liberty Gold Inc. at the Kinsley Mountain Project (\"Kinsley Mountain\") near Wendover, with the property subject to a 3.0% net smelter returns royalty. For further information on Kinsley Mountain, including a technical report compliant with National Instrument 43-101 Standards of Disclosure for Mineral Projects entitled \"Updated Technical Report and Estimated Minerals Resources for the Kinsley Project\" (the \"Report\"), e...