By Devika Patel
Knoxville, Tenn., April 12 - Emgold Mining Corp. said it has increased a non-brokered private placement of units to $1.25 million from $750,000 due to increased demand. It raised $400,000 in the first tranche on April 6.
The company will now sell 5 million units of one common share and one warrant at $0.25 each. The warrants are exercisable at $0.35 for two years.
In the first tranche, the company sold 1.6 million units.
Emgold is a mining company based in Vancouver, B.C.
| Issuer: | Emgold Mining Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | $1.25 million
|
| Units: | 5 million
|
| Price: | $0.25
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | $0.35
|
| Agent: | Non-brokered
|
| Upsized: | April 12
|
| Settlement date: | April 6 (for $400,000)
|
| Stock symbol: | TSX Venture: EMR
|
| Stock price: | C$0.24 at close April 6
|
| Market capitalization: | C$3.81 million
|
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