NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
VANCOUVER, BC / ACCESSWIRE / July 26, 2022 / Emergent Metals Corp. (“Emergent” or the “Company”) () announces its intention to complete a non-brokered private placement (the “Offering“) of up to 5,000,000 units (the “Units“) at a price of CDN$0.20 per Unit for gross proceeds of up to CDN$1,000,000. Each Unit will consist of one common share in the capital of the Company (a “Share“) and one whole transferable common share purchase warrant (a “Warrant“). Each whole Warrant will be exercisable to acquire one Share at an exercise price of CDN$0.26 per Share for a period of 24 months from the date of issuance.
Certain insiders of the Company may acquire Units in the Offering. Any participation by insiders in the Private Placement would constitute a “related party transaction” as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101“). However, the Company expects such participation would be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the Units subscribed for by the insiders, nor the consideration for the Units paid by such insiders, would exceed 25% of the Company’s market capitalization.
Emergent intends to use the net proceeds of the Offering for exploration of Emergent’s properties in Quebec and Nevada and general working capital. The Company may pay finder’s fees on a portion of the Offering, subject to compliance with the policies of the TSX Venture Exchange and applicable securities legislation. Closing of the Offering is subject to approval of the TSX Venture Exchange. The securities issued under the Offering, and any Shares that may be issuable on exercise of any such securities, will be subject to a statutory hold period expiring four months and one day from the date of issuance of such securities.
Emergent is a gold and base metal exploration company focused on Nevada and Quebec. The Company’s strategy is to look for quality acquisitions, add value to these assets through exploration, and monetize them through sale, joint ventures, option, royalty, and other transactions to create value for our shareholders (acquisition and divestiture (“A&D“) business model). In Nevada, Emergent’s Golden Arrow Property, the core asset of the Company, is an advanced stage gold and silver property with a well-defined measured and indicated resource.New York Canyon is a base metal property subject to an Earn-in with Option to Joint Venture Agreement with Kennecott Exploration, a subsidiary of Rio Tinto Plc (NYSE:RIO). The Mindora Property is a gold, silver, and base metal property located twelve miles from New York Canyon. Buckskin Rawhide East is a gold and silver property leased to Rawhide Mining LLC, operators of the adjacent Rawhide Mine.
In Quebec, the Casa South Property is an early-stage gold property adjacent to Hecla Mining Corporation’s (NYSE:HL) operating Casa Berardi Mine. The Tecesson Property is located about 50 km north of the Val d’Or mining camp. Emergent has a 1% NSR in the Troilus North Property, part of the Troilus Mine Property (pre-feasibility stage) being explored byCorporation ( ). In addition, the company has a 1% NSR in the East-West (aka Little Long Lac) Property adjacent and on strike with Wesdome Gold Mine Ltd.’s ( ) operating Kiena Mine and Corporation’s (TSX:OIII) Marban Project (prefeasibility stage).
Note that the location of Emergent’s properties adjacent to producing or past producing mines does not guarantee exploration success at Emergent’s properties or that mineral resources or reserves will be delineated. For more information on the Company, investors should review the Company’s website at www.emergentmetals.com or view the Company’s filings available at www.sedar.com.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
On behalf of the Board of Directors
David G. Watkinson, P.Eng.
President & CEO
For further information please contact:
David G. Watkinson, P.Eng.
Tel: 530-271-0679 Ext 101
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note on Forward-Looking Statements
Certain information contained in this news release constitutes “forward-looking information” or “forward-looking statements” (collectively, “forward-looking information”). Without limiting the foregoing, such forward-looking information includes statements regarding the process and completion of the Offering, the use of proceeds of the Offering and any statements regarding the Company’s business plans, expectations and objectives. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used to identify forward-looking information. Forward looking information should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking information is based on information available at the time and/or the Company management’s good faith belief with respect to future events and is subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company’s control. For additional information with respect to these and other factors and assumptions underlying the forward-looking information made in this news release, see the Company’s most recent Management’s Discussion and Analysis and financial statements and other documents filed by the Company with the Canadian securities commissions and the discussion of risk factors set out therein. Such documents are available at www.sedar.com under the Company’s profile and on the Company’s website at www.emergentmetals.com. The forward-looking information set forth herein reflects the Company’s expectations as at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
SOURCE: Emergent Metals Corp.
View source version on accesswire.com:
Retransmission – Endeavour Silver Announces Q2 2022 Financial Results; Raises 2022 Production Guidance
VANCOUVER, British Columbia, Aug. 09, 2022 (GLOBE NEWSWIRE) — This news release has been amended to reflect the correct estimate for the Company’s…
Kuya Silver Announces Closing of $3.2 Million Private Placement Including Full Exercise of Agents’ Option
Vancouver, British Columbia–(Newsfile Corp. – August 9, 2022) – Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the "Company" or "Kuya…
Great Atlantic Drilling Intersects 6.74% Copper, 34.5 G/T Silver and .6 G/T Gold over .4 Meters as well Nickel and Cobalt also Anomalous Mascarene Property New Brunswick
VANCOUVER, BC / ACCESSWIRE / August 9, 2022 / GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the "Company" or "Great Atlantic") is pleased to announce it has…
Trillium Gold Identifies Historic Drill Core from 21 Holes at Confederation Belt for Gold Sampling and Analysis
Liberty Gold Reports Excellent Results from Sonic Drilling in the Historic Heap Leach Pad, Goldstrike Oxide Gold Deposit, Utah
Contact Gold Returns 1.66 G/T Oxide Gold Over 28.96 Metres at Green Springs Gold Project, Cortez Trend, Nevada
Pasofino Gold Announces a Non-Brokered Private Placement of up to US$5 Million
Alpha Lithium Conditionally Approved to Upgrade Listing to Senior Canadian Stock Exchange
UEX Corporation Announces Receipt of Acquisition Proposal and Postponement of Securityholders’ Meeting
Max Resource Reports Initial IP Drill Targets, CESAR Project in NE Colombia
Marvel’s Power One – Receives First Set of Comments Back From TSX.V for Listing of Power One
Silver Wolf Announces Assays From Ongoing Surface Sampling Program at Its Ana Maria Property Including 1,536 G/T Silver, and 33% Lead
Group Eleven Completes Drilling at Ballywire, Adds New License at Tullacondra and Proceeds with Drill Planning at Carrickittle West, PG West Project, Ireland
Companies20 hours ago
Mandalay Resources Provides Target Release Date for Second Quarter 2022 Financial Results and Conference Call
Financing News20 hours ago
Hudbay Announces Second Quarter 2022 Results
Energy & Critical Metals23 hours ago
Commodities and the Future of #BatteryMetals
Precious Metals22 hours ago
Bad News, Gold Bugs! Jim Cramer Thinks It’s “The Perfect Time” To Buy #Gold
Financing News5 hours ago
ArcWest Provides Exploration Update: Partner Funded Drilling is Scheduled for Multiple ArcWest Copper-Gold Projects in 2022 Including Ongoing Drilling at Oweegee Dome in BC’s Golden Triangle
Economics20 hours ago
Global Food Prices Plummet by Most Since 2008
Precious Metals21 hours ago
Yamana Gold Inc. (AUY) is primed for evolution with the beta value of 1.32
Lithium20 hours ago
7 #Lithium #stocks to Buy With Big Upside $LAC $SLI $ALB $SQM $PPL $LTHM $SGML