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Eminent Announces Closing of Final Tranche of Non-Brokered Private Placement
Eminent Announces Closing of Final Tranche of Non-Brokered Private Placement Ca...
About this update from Eminent Gold Corp.
[{"type":"text","content":"\n \n \n \n Eminent Announces Closing of Final Tranche of Non-Brokered Private Placement\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR THROUGH U.S. NEWS WIRE SERVICES/\n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Sept. 7, 2022\n \n \n /CNW/ -\n \n Eminent Gold Corp.\n \n (TSXV: EMNT) (OTCQB: EMGDF) (\"\n \n Eminent\n \n \" or the \"\n \n Company\n \n \") is pleased to announce, further to its news releases dated\n \n June 21, 2022\n \n ,\n \n July 12, 2022\n \n and\n \n August 5, 2022\n \n , that it has closed the second and final tranche of its non-brokered private placement. Due to market demand, the Company has increased the size of its non-brokered private placement from up to\n \n $1,250,000\n \n to\n \n $1,397,000\n \n (the \"\n \n Offering\n \n \"). The Offering consists of 3,104,444 units of the Company (the \"\n \n Units\n \n \") at a price of\n \n $0.45\n \n per Unit for gross proceeds of\n \n $1,396,999.90\n \n .\n \n \n Each Unit is comprised of one common share in the capital of the Company (each, a \"\n \n Share\n \n \") and one non-transferable Share purchase warrant (each, a \"\n \n Warrant\n \n \").  Each whole Warrant will entitle the holder to purchase one additional Share in the capital of the Company (each, a \"\n \n Warrant Share\n \n \") for a period of 36 months from the closing date at an exercise price of\n \n $0.75\n \n per Warrant Share.  If at any time after\n \n January 7, 2023\n \n the closing price of the Shares is at a price equal to or greater than\n \n $1.50\n \n for a period of ten consecutive trading days, the Company will have the right to accelerate the expiry date of the Warrants by giving notice, via a news release, to the holders of the Warrants that the Warrants will expire on the date that is 30 days after the issuance of said news release.\n \n \n All of the securities issued in connection with the Offering are subject to a statutory four-month hold period expiring\n \n January 8, 2023\n \n .\n \n \n The Company paid...