By Laura Lutz
Des Moines, Nov. 17 - Emgold Mining Corp. plans to conduct a private placement of units for C$5.05 million.
The company intends to sell up to 13 million units of one non flow-through share and one non flow-through warrant at C$0.32 per unit, with each warrant will be exercisable at C$0.45 for two years.
The placement will also include up to 2,023,810 units of one flow-through share and one non flow-through warrant at C$0.42 per unit. Each warrant from the flow-through shares will be exercisable at C$0.55 for two years.
Proceeds from the non flow-through units will be used to advance permitting on the company's Idaho-Maryland gold project and for working capital.
M Partners Inc. will act as agent for the deal.
Emgold is a Vancouver, B.C.-based mining and exploration company.
| Issuer: | Emgold Mining Corp.
|
| Issue: | Units of one non flow-through share and one non flow-through warrant and units of one flow-through share and one flow-through warrant
|
| Amount: | C$5.05 million
|
| Agent: | M Partners Inc.
|
| Pricing date: | Nov. 17
|
| Stock symbol: | TSX Venture: EMR
|
| Stock price: | C$0.35 at close Nov. 17
|
|
|
| Non flow-through units
|
| Units: | 13 million
|
| Price: | C$0.32
|
| Warrants: | One per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.45
|
|
|
| Flow-through units
|
| Units: | 2,023,810
|
| Price: | C$0.42
|
| Warrants: | One per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.55
|
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