EGMCF - Emergent Metals Closes Flow Through Private Placement
(TheNewswire)
Vancouver, British Columbia - TheNewswire - December 20, 2023 - Emergent Metals Corp. ("Emergent" or the“Company”) (TSXV:EMR) announces it hasclosed a non-brokered flow through private placement (the" Offering ") and issued 2,900,000 flow-through common shares inthe capital of the Company (" Shares ") at aprice of CDN$0.14 per Share for gross proceeds of CDN$406,000. Emergent intends to use the net proceeds of the Offering forqualifying exploration of Emergent’s properties in Quebec.
The Company will pay aggregate finder’s fees ofCDN$32,480 and issue 232,000 share purchase (the “Finder’sWarrants) in connection with subscriptions from subscribers introducedto the Offering by qualified Finders. Each Finder’s Warrant isexercisable to acquire one common share in the capital of the Companyat an exercise price of CDN$0.14 per common share until December 20,2025, which is 24 months from the date of issuance.
The Offering remains subject to final approval of theTSX Venture Exchange. The securities issued under the Offering willbe subject to a statutory hold period expiring four months and one dayfrom the date of issuance of such securities.
About Emergent
Emergent is a gold and base metal exploration companyfocused on Nevada and Quebec. The Company’s strategy is to look forquality acquisitions, add value to these assets through exploration,and monetize them through sale, joint ventures, option, royalty, andother transactions to create value for our shareholders (anacquisition and divestiture business model).
In Nevada, Emergent’s Golden Arrow Property is anadvanced stage property with a well-defined measured and indicatedgold and silver resource. The New York Canyon Property is a copperskarn, copper porphyry, and gold exploration property south of andabutting the past producing Santa Fe Gold Mine. The Mindora Property(aka West Santa Fe Property) is a gold, silver, and base metalproperty located twelve miles from the Santa Fe Gold Mine and optionedto Lahontan Gold Corporation (TSXV:LG). Buckskin Rawhide East is agold and silver property leased to Rawhide Mining LLC, operators ofthe Rawhide Mine.
In Quebec, the Casa South Property is a large goldexploration property adjacent to and south of Hecla MiningCorporation’s (NYSE:HL) operating Casa Berardi Mine with multipleexploration targets identified. The Trecesson Property, located about50 km north of the Val d’Or mining camp, has three gold explorationtargets with multiple high-grade (>10 g/t) gold intercepts fromhistoric and recent drilling. Also in Quebec, Emergent has a 1% NSRin the Troilus North Property, part of the feasibility stage TroilusMine Property being explored by Troilus Gold. Emergent also has a 1%NSR in the East-West Property, owned by O3 Mining and part of theirfeasibility stage Marban Alliance Property.
Note that the location of Emergent’s propertiesadjacent to producing or past producing mines does not guaranteeexploration success at Emergent’s properties or that mineralresources or reserves will be delineated. For more information on theCompany, investors should review the Company’s website at www.emergentmetals.com or view the Company’s filings available at www.sedarplus.ca .
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 beregistered under the United States Securities Act of 1933, as amended (the"U.S. Securities Act"), or any state securities laws and maynot be offered or sold within the United States or to U.S.Persons unless registered under the U.S. Securities Act and applicable statesecurities laws or an exemption from such registration is available.
On behalf of the Board ofDirectors
David G. Watkinson,P.Eng.
President & CEO
For further information please contact:
David G. Watkinson, P.Eng.
Tel: 530-271-0679 Ext 101
Email: info@emergentmetals.com
Neither TSX Venture Exchange nor itsRegulation Services Provider (as the term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
Cautionary Note onForward-Looking Statements
Certain information contained in this news releaseconstitutes “forward-looking information” or “forward-lookingstatements” (collectively, “forward-looking information”).Without limiting the foregoing, such forward-looking informationincludes statements regarding the process and completion of theOffering, the use of proceeds of the Offering and any statementsregarding 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 similarwords and the negative form thereof are used to identifyforward-looking information. Forward looking information should notbe read as guarantees of future performance or results, and will notnecessarily be accurate indications of whether, or the times at or bywhich, such future performance will be achieved. Forward-lookinginformation is based on information available at the time and/or theCompany management’s good faith belief with respect to futureevents and is subject to known or unknown risks, uncertainties,assumptions and other unpredictable factors, many of which are beyondthe Company’s control. For additional information with respect tothese and other factors and assumptions underlying the forward-lookinginformation made in this news release, see the Company’s most recentManagement’s Discussion and Analysis and financial statements andother documents filed by the Company with the Canadian securitiescommissions and the discussion of risk factors set out therein. Suchdocuments are available at www.sedar.com under the Company’s profileand on the Company’s website at www.emergentmetals.com. Theforward-looking information set forth herein reflects the Company’sexpectations as at the date of this news release and is subject tochange after such date. The Company disclaims any intention orobligation 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.
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