Emergent Announces Extension of Private Placement
**NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO
UNITED STATES NEWS WIRE SERVICES**
EMERGENT METALS CORP.
Suite 1010 – 789 West Pender Street
Vancouver, B.C. V6C 1H2
www.emergentmetals.com
September 2, 2022 TSX Venture Exchange : EMR
OTC : EGMCF
Frankfurt and Berlin Exchanges: EML
EMERGENT ANNOUNCES EXTENSION OF
PRIVATE PLACEMENT
Vancouver, British Columbia – September 2 , 202 2 – Emergent Metals Corp. ("Emergent" or the
“Company”) (TSX Venture Exchange: EMR) announced the Company has been granted an extension
by the TSX Venture Exchange (the “TSXV”) to complete the previously announced non-brokered private
placement (the “Offering”) of up to CDN$1,000,000 by no later than September 30, 2022.
The terms of the Offering remain unchanged from those set out in a July 2 6, 2022, press release. The
Offering will consist of up to 5,000,000 units (the "Units ") at a price of CDN$0.20 per Unit for gross
proceeds of up to CDN$1, 000,000. Each Unit will consist of one common share in the capital of the
Company (a “Share”) and one whole transferable common share purchase warrant (a “Warrant”). Each
whole Warrant will be exercisable to acquire one Share at an exercise price of CDN$0. 26 per Share for a
period of 24 months from the date of issuance.
Certain insiders of the Company may acquire Units in the Offering. Any participation by insiders in the
Private Placement would constitute a "related party transaction" as defined under Multilateral Instrument
61-101 Protection of Minority Security Holders in Special Transactions (“ MI 61-101”). However, the
Company expects such participation would be exempt from the formal valuation and minority shareholder
approval requirements of MI 61-101 as the fair market value of the Units subscribed for by the insiders, nor
the consideration for the Units paid by such insiders, would exceed 25% of the Company's market
capitalization.
Emergent intends to use the net proceeds of the Offering for exploration of Emergent's properties in Quebec
and Nevada and general working capital. The Company may pay finder’s fees on a portion of the Offering,
subject to compliance with the policies of the TSX V and applicable securities legislation. Closing of the
Offering is subject to approval of the TSXV. The securities issued under the Offering, and any Shares that
may be issuable on exercise of any such securities, will be subject to a statutory hold period expiring four
months and one day from the date of issuance of such securities.
About Emergent
Emergent is a gold and base metal exploration company focused on Nevada and Quebec. 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
(acquisition and divestiture (“A&D”) business model). In Nevada, Emergent's Golden Arrow Property, the
core asset of the Company, is an advanced stage gold and silver property with a well-defined measured and
indicated resource. New York Canyon is a base metal property subject to an Earn-in with Option to Joint
Venture Agreement with Kennecott Exploration, a subsidiary of Rio Tinto Plc (NYSE:RIO). The Mindora
Property is a gold, silver, and base metal property located twelve miles from New York Canyon. Buckskin
Rawhide East is a gold and silver property leased to Rawhide Mining LLC, operators of the adjacent
Rawhide Mine.
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In Quebec, the Casa South Property is an early-stage gold property adjacent to Hecla Mining Corporation’s
(NYSE:HL) operating Casa Berardi Mine. The Tecesson Property is located about 50 km north of the Val
d’Or mining camp. Emergent has a 1% NSR in the Troilus North Property, part of the Troilus Mine Property
(pre-feasibility stage) being explored by Troilus Gold Corporation (TSX:TLG). In addition, the company
has a 1% NSR in the East-West (aka Little Long Lac) Property adjacent and on strike with Wesdome Gold
Mine Ltd.’s (TSX:WDO) operating Kiena Mine and O3 Mining Corporation’s (TSX:OIII) Marban Project
(prefeasibility stage).
Note that the location of Emergent ’s properties adjacent to producing or past producing mines does not
guarantee exploration success at Emergent’s properties or that mineral resources or reserves will be
delineated. For more information on the Company, invest ors should review the Company’s website
at www.emergentmetals.com or view the Company’s filings available at www.sedar.com.
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 be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not
be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities
Act and applicable state securities laws or an exemption from such registration is available.
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 information cont ained in this news release constitutes “forward -looking information” or “forward-looking statements”
(collectively, “forward -looking information”). Without limiting the foregoing, such forward-looking information includes
statements regarding the process and completion of the Offering, the use of proceeds of the Offering and any statements regarding
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 similar words and the negative form thereof are used
to identify forward-looking information. Forward looking information should not be read as guarantees of future performance or
results, and will not necessa rily be accurate indications of whether, or the times at or by which, such future performance will be
achieved. Forward-looking information is based on information available at the time and/or the Company management’s good faith
belief with respect to future events and is subject to known or unknown risks, uncertainties, assumptions and other unpredictable
factors, many of which are beyond the Company’s control. For additional information with respect to these and other factors a nd
assumptions underlying the forward-looking information made in this news release, see the Company’s most recent Management’s
Discussion and Analysis and financial statements and other documents filed by the Company with the Canadian securities
commissions and the discussion of ri sk factors set out therein. Such documents are available at www.sedar.com under the
Company’s profile and on the Company’s website at www.emergentmetals.com. The forward-looking information set forth herein
reflects the Company’s expectations as at the date of this news release and is subject to change after such date. The Company
disclaims any intention or obligation 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.