Emgold Closes Flow-Through and Non-Flow Through Private Placements
EMGOLD MINING CORPORATION
Suite 1015 – 789 West Pender Street
Vancouver, B.C. V6C 1H2
www.emgold.com
December 30, 2019 TSX Venture Exchange : EMR
OTC : EGMCF
Frankfurt Exchange : EMLN
EMGOLD CLOSES FLOW-THROUGH
AND NON-FLOW THROUGH PRIVATE PLACEMENTS
Vancouver, British Columbia - Emgold Mining Corporation (TSX -V: EMR) ( “Emgold” or the
“Company”) announces the closing of flow-through and non-flow-through private placements, with details
outlined below.
FLOW-THROUGH PRIVATE PLACEMENT
The Company has completed a non-brokered flow-through private placement (the “FT Financing”) by the
issuance of 3,333,333 shares (each a "FT Share") of the Company issued at a price of CDN$0.105 per FT
Share for gross proceeds of $349,999.97. All FT Shares issued in conjunction with the FT Financing are
subject to a statutory four month hold from the date of issuance.
The FT Shares will entitle the holder to receive the applicable tax benefits, in accordance with the provisions
of the Income Tax Act (Canada). Proceeds of the FT Financing will be used for qualifying exploration on
the Company’s Canadian properties in Quebec.
Finders’ Fees of CDN$2 8,000 were paid in cash and 26,667 warrants (the “ Finders’ Warrants”) were
issued in conjunction with the FT Financing. The Finders’ Warrants will entitle the holder to purchase, for
a period of 12 months from the date of issuance, 26,667 additional common shares of the Company at a
price of $0.15 per common share.
NON-FLOW THROUGH PRIVATE PLACEMENT
In addition, Emgold has completed a non -brokered private placement consisting of 5,066,668 units
(“Units”) of the Company at CDN$0.06 per Unit to raise CDN$304,000.08. Each Unit will consist of one
common share (a “ Share”) of the Company and one non-transferable share purchase warrant (a
“Warrant”). Each Warrant will entitle the holder to purchase, for a period of 24 months from the date of
issuance, one additional Share of the Company at a price of CDN$0.08 per Share (the “NTF Financing”).
The Shares to be issued in connection with the NFT Financing , including the Shares to be issued upon
exercise of the Warrants, will be subject to a minimum statutory hold period of four months. The NFT
Financing is subject to TSX Venture Exchange (the “Exchange”) approval. No Finder's fees were paid in
connection with the NFT Financing. Proceeds will be used for general working capital.
About Emgold
Emgold is a junior gold and base metal exploration compa ny focused on strategic acquisitions and
exploration in Nevada and Quebec, the #1 and #4 jurisdictions for mining investment according to the
Frasier Institute’s Annual Survey of Mining Companies, 2018. The Company’s strategy is to look for
quality acquisitions, add value to these assets through exploration, and monetize them through sale, joint
ventures, option, royalty, and other transactions to create value for our shareholders (A&D). Our properties
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include the Golden Arrow, New York Canyon, Buckskin Ra whide East, Buckskin Rawhide West, and
Koegel Rawhide Properties in Nevada and the Casa South Property in Quebec. The Company is in the
process of acquiring the Mindora Property, Nevada and a 50% interest in the East-West Property, Quebec.
For more information on the Company, investors should review the Company's filings available at
www.sedar.com or the Company's website at www.emgold.com.
This news release does not constitute an offer of sale of any of the above-mentioned securities in the United States.
The foregoing securities have not been and will not be registered under the United States Securities Act of 1933,
as amended (the "1933 Act") or any applicable state securities laws and may not be offered or sold in the United
States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or
persons in the United States absent registr ation or an applicable exemption from such registration requirements.
This news release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale
of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
On behalf of the Board of Directors
David G. Watkinson, P.Eng.
President & CEO
For further information, please contact:
David G. Watkinson, P.Eng.
Tel: 530-271-0679 Ext 101
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Note on Forward-Looking Statements
Certain statements made and information contained herein may constitute “forward looking information” and “forward looking
statements” within the meaning of applicable Canadian and United States securities legislation. These statements and information
are based on facts currently available to the Company and there is no assurance that actual results will meet management’s
expectations. Forward-looking statements and information may be identified by such terms as “anticipates”, “believes”, “targets”,
“estimates”, “plans”, “expects”, “may”, “will”, “could” or “would”. Forward-looking statements and information contained herein
are based on certain factors and assumptions regarding, among other things, the est imation of mineral resources and reserves, the
realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploratio n and
development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title
disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward -looking
statements and information are not guarantees of future performance a nd readers should not place undue importance on such
statements as actual events and results may differ materially from those described herein. The Company does not undertake to
update any forward-looking statements or information except as may be required by applicable securities laws. The Company's
Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including
any technical reports filed with respect to the Company's mineral properties.