Emergent Closes 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
October 23, 2023 TSX Venture Exchange : EMR
OTC : EGMCF
Frankfurt and Berlin Exchanges: EML
EMERGENT CLOSES
PRIVATE PLACEMENT
Vancouver, British Columbia – October 23, 2023 – Emergent Metals Corp. ("Emergent" or the
“Company”) (TSX Venture Exchange: EMR) announces that it has completed a non-brokered private
placement (the "Offering") described in its news releases dated July 25, 2023 and September 8, 2023. In
connection with the closing of the Offering, the Company issued an aggregate of 1,680,000 units (the
"Units") at a price of CDN$0.10 per Unit for gross proceeds of CDN$168,000. Each Unit consists of one
common share in the capital of the Company (a “Share”) and one whole non-transferable common share
purchase warrant (a “Warrant”). Each whole Warrant is exercisable to acquire one Share at an exercise
price of CDN$0.12 per Share until October 23, 2025, which is 24 months from the date of issuance.
Emergent intends to use the net proceeds of the Offering for exploration of Emergent’s properties (including
property and claims maintenance payments), for property acquisition, and for general working capital
purposes. The Offering remains subject to final approval of the TSX Venture Exchange.
The Company will pay aggregate finder’s fees of CDN$3,360 and 33,600 share purchase warrants (the
“Finder’s Warrants”) in connection with subscriptions from subscribers introduced to the Offering by
qualified finders. Each Finder’s Warrant is exercisable to acquire one Share in the capital of the Company
at an exercise price of CDN$0.12 per Share until October 23, 2025, which is 24 months from the date of
issuance.
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). Successful divestitures include the sale of the Troilus
North Property to Troilus Gold Corporation ( TSX:TLG), sale of the East -West Property to O3 Mining
Corporation (TSXV:OIII) and option of the Mindora (aka West Santa Fe Property) to Lahontan Gold
Corporation (TSXV:LG).
In Nevada, Emergent’s Golden Arrow Property, is an advanced stage gold and silver property with a well-
defined measured and indicated resource , 2018 Technical Report, and Plan of Operations and
Environmental Assessment in place to allow a major drilling program, subject to financing. New York
Canyon is a copper skarn, copper porphyry, and gold exploration property south of and abutting the past
producing Santa Fe Gold Mine, being advanced by Lahontan Gold. The Mindora Property is a gold, silver,
and base metal property located twelve miles from the Santa Fe Gold Mine and under option to Lahontan
Gold. Buckskin Rawhide East is a gold and silver property leased to Rawhide Mining LLC, operators of
the Rawhide Mine.
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In Quebec, the Casa South Property is a large exploration property adjacent to and south of Hecla Mining
Corporation’s (NYSE:HL) operating Casa Berardi Mine with multiple exploration targets identified. The
Trecesson Property, located about 50 km north of the Val d’Or mining camp, has two ma jor exploration
targets with multiple high-grade (>10 g/t) gold intercepts from historic and recent drilling.
Also in Quebec, Emergent has a 1% NSR in the Troilus North Property, part of the feasibility stage Troilus
Mine Property being explored by Troilus Gold. Emergent also has a 1% NSR in the East -West Property,
owned by O3 Mining and part of their feasibility stage Marban Alliance Property.
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.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 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 read 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 information 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.