Eminent Gold Corp. Announces Private
Eminent Gold Corp. Announces Private
Placement
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DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN
OR INTO
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VANCOUVER, BC
,
June 21, 2022
/CNW/ -
Eminent Gold Corp.
(TSXV: EMNT) (OTCQB: EMGDF)
(the "Company") is pleased to announce a non-brokered private placement (the "Offering") for up to
$1,250,000
. Pursuant to the Offering, if fully subscribed to, the Company will issue 2,777,777 units
at a price of
$0.45
per unit, for gross proceeds of
$1,250,000
.
Each unit will consist of one common share of the Company and one common share purchase
warrant (the "Warrant") exercisable to acquire one common share at a price of
$0.75
for a period of
36 months. After 4 months from closing, if the closing price of the common shares is at a price
equal to or greater than
$1.50
for a period of ten consecutive trading days, the Company will have
the right to accelerate the expiry date of the Warrants by giving notice, via a news release, to the
holders of the Warrants that the Warrants will expire on the date that is 30 days after the issuance
of said news release. The proceeds of the private placement are for the Company's general
working capital, to fund the investigation of potential acquisitions and for exploration activities.
Closing of the private placement is subject to the approval of the TSX Venture Exchange and the
Company may pay finders fees upon closing of the Offering.
The private placement will be conducted in reliance upon certain prospectus and private placement
exemptions. The securities issued under the private placement will be subject to a hold period
expiring four months and one day after the closing date. The common shares have not been and will
not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or
sold in
the United States
absent registration or an applicable exemption from the registration
requirements. This press release does not constitute an offer to sell or the solicitation of an offer to
buy nor shall there be any sale of the common shares in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
On behalf of the Board of Directors,
"Paul Sun"
CEO and Director
For further information on Eminent Gold Corp., please visit
www.eminentgoldcorp.com
or contact
Nemanja Brcan
, Investor Relations at (312)-539-0843 or email:
About Eminent Gold
Eminent Gold is a gold exploration company focused on creating shareholder value through the
exploration and discovery of world-class gold deposits in
Nevada
. Its multidisciplinary team has had
multiple successes in gold discoveries and brings expertise and new ideas to the Great Basin. The
Company's exploration assets in the Great Basin include: Hot Springs Range Project, Weepah,
Gilbert South
and Spanish Moon District.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
This news release contains certain statements that may be deemed "forward-looking statements"
with respect to the Company within the meaning of applicable securities laws. Forward-looking
statements are statements that are not historical facts and are generally, but not always, identified
by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects",
"potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or
"should" occur. Forward-looking statements made in this news release include the anticipated
completion of the private placement and the use of proceeds from the private placement. Although
Eminent Gold Corp. believes the expectations expressed in such forward-looking statements are
based on reasonable assumptions, including the assumption that records and reports of historical
work are accurate and correct, such statements are not guarantees of future performance, are
subject to risks and uncertainties, and actual results or realities may differ materially from those in
the forward-looking statements. Such material risks and uncertainties include, but are not limited
to, the Company's ability to raise sufficient capital to fund its obligations under its property
agreements going forward, to maintain its mineral tenures and concessions in good standing, to
explore and develop the Company's projects or its other projects, to repay its debt and for general
working capital purposes; changes in economic conditions or financial markets; the inherent
hazards associates with mineral exploration and mining operations, future prices of gold, silver
and other metals, changes in general economic conditions, accuracy of mineral resource and
reserve estimates, the ability of the Company to obtain the necessary permits and consents
required to explore, drill and develop the Company's projects and if obtained, to obtain such
permits and consents in a timely fashion relative to the Company's plans and business objectives
for the projects; the general ability of the Company to monetize its mineral resources; and changes
in environmental and other laws or regulations that could have an impact on the Company's
operations, compliance with environmental laws and regulations, aboriginal title claims and rights
to consultation and accommodation, dependence on key management personnel and general
competition in the mining industry. Forward-looking statements are based on the reasonable
beliefs, estimates and opinions of the Company's management on the date the statements are
made. Except as required by law, the Company undertakes no obligation to update these forward
looking statements in the event that management's beliefs, estimates or opinions, or other factors,
should change.
SOURCE
Eminent Gold Corp.
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%SEDAR: 00033051E
CO: Eminent Gold Corp.
CNW 07:30e 21-JUN-22