EMC Announces $3 Million Non-Brokered Private Placement
22.05.2014 | FSCwire
Reno, Nevada US, May 22, 2014 /FSC/ - EMC Metals Corp. (EMC - TSX), (the "Company" or "EMC") announces that it is offering, on a non-brokered private placement basis, up to 35,300,000 shares at a price of C$0.085 per common share. The proceeds from the financing will be used for general working capital purposes on company projects, including and as a priority, the settlement payments required to secure ownership of the Nyngan Scandium Project in Australia. Cash finder's fees may be payable on portions or all of the private placement financing. Closing of the financing is subject to TSX approval.
All securities issued under the private placement are subject to a Canadian hold period expiring four months after the closing date. The securities are also subject to restrictions on resale under U.S. federal securities laws.
For additional information please contact:
EMC Metals Corp.
Investor Relations (925) 208-1775 or info@emcmetals.com
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein. The securities have not been 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 unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
EMC Metals Corp.
501 1430 Greg Street,
Sparks Nevada, 89431
Tel: (775) 355-9500
Fax: (775) 355-9506
Email: info@emcmetals.com
www.emcmetals.com
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Source: EMC Metals Corp. (TSX: EMC) http://www.emcmetals.com
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