Emergent Announces Flow Through 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
December 5, 2022 TSX Venture Exchange : EMR
OTC : EGMCF
Frankfurt and Berlin Exchanges: EML
EMERGENT ANNOUNCES FLOW THROUGH PRIVATE PLACEMENT
Vancouver, British Columbia – December 5, 2022 – Emergent Metals Corp. ("Emergent" or the
“Company”) (TSX Venture Exchange: EMR) announces its intention to complete a non-brokered flow
through private placement (the " Offering") of up to 3,125,000 units (the " FT Units") at a price of
CDN$0.32 per Unit for gross proceeds of up to CDN$1,000,000. Each FT Unit will consist of one common
share in the capital of the Company (a “FT Unit Share”) and one half transferable common share purchase
warrant (a “FT Warrant”). Each whole FT Warrant will be exercisable to acquire one common share in
the capital of the Company (a “ Warrant Share”) an exercise price of CDN$0.45 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 qualifying exploration of Emergent's properties
in Quebec. The Company may pay finder’s fees on a portion of the Offering, subject to compliance with
the policies of the TSX Venture Exchange and applicable securities legislation. Closing of the Offering is
subject to approval of the TSX Venture Exchange. 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 o f the adjacent
Rawhide Mine.
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
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(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, investors 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 contained 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 re ad as guarantees of future performance or
results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance wi ll 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 unpredict able
factors, many of which are beyond the Company’s control. For additional informati on with respect to these and other factors and
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 risk 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.