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EMINENT ANNOUNCES CLOSING OF INITIAL TRANCHE OF PRIVATE PLACEMENT
EMINENT ANNOUNCES CLOSING OF INITIAL TRANCHE OF PRIVATE PLACEMENT Canada NewsWire ...
About this update from Eminent Gold Corp.
[{"type":"text","content":"\n \n \n \n EMINENT ANNOUNCES CLOSING OF INITIAL TRANCHE OF 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.prntaj{\nTEXT-ALIGN: JUSTIFY; LINE-HEIGHT: 110%; MARGIN-TOP:0.83em; MARGIN-BOTTOM:0.17em\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n July 26, 2023\n \n \n /CNW/ - Eminent Gold Corp. (\"\n \n Eminent\n \n \" or the \"\n \n Company\n \n \") (TSXV: EMNT) (OTCQB: EMGDF) is pleased to announce, further to its news release dated\n \n June 28, 2023\n \n , that it has closed the initial tranche of its non-brokered private placement of units (the \"\n \n Offering\n \n \"). The initial tranche consisted of 1,905,000 units of the Company (the \"\n \n Subscription\n \n \n Units\n \n \") at a price of\n \n $0.32\n \n per Subscription Unit for gross proceeds of\n \n $609,600\n \n . Part of the proceeds of this tranche of the Offering have been used to complete property option payments, in the amount of\n \n $260,000\n \n , and the balance will be used for working capital and exploration of the Company's\n \n Nevada\n \n mineral properties.\n \n \n The Subscription Units and Settlement Units are each 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 $0.50\n \n per Warrant Share. After four months from closing, if the closing price of the Shares is at a price equal to or greater than\n \n $1.00\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 news release, to the holder 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 The Company paid a total of\n \n $35,712\n \n in finders' fees to arm's length finders in con...