By Laura Lutz
Des Moines, June 8 - Emgold Mining Corp. arranged a private placement of units for up to C$10 million.
The company plans to sell up to 50 million units of one share and one warrant at C$0.20 per unit. Each whole warrant will be exercisable at C$0.35 for two years.
M Partners Inc. will act as exclusive lead agent.
Proceeds will be used for permitting on the company's Idaho-Maryland gold project, engineering of long-lead items for the mine and for general corporate purposes.
Emgold is a mining company based in Vancouver, B.C.
| Issuer: | Emgold Mining Corp.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$10 million
|
| Units: | 50 million
|
| Price: | C$0.20
|
| Warrants: | One per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.35
|
| Agent: | M Partners Inc. (lead)
|
| Pricing date: | June 8
|
| Stock symbol: | TSX Venture: EMR
|
| Stock price: | C$0.225 at close June 8
|
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