Company offers 8,533,260 common shares at C$0.025 per share in deal
By Devika Patel
Knoxville, Tenn., March 31 - EMC Metals Corp. settled a C$213,332 private placement of stock on March 25, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company sold 8,533,260 common shares at C$0.025 apiece. The price per share is a 25% premium to the March 24 closing share price of C$0.02.
Based in Vancouver, B.C., EMC is a specialty metals and alloys company focusing on scandium, tungsten, molybdenum, vanadium and other specialty metals.
| Issuer: | EMC Metals Corp.
|
| Issue: | Common stock
|
| Amount: | C$213,332
|
| Shares: | 8,533,260
|
| Price: | C$0.025
|
| Warrants: | No
|
| Settlement date: | March 25
|
| Stock symbol: | Toronto: EMC
|
| Stock price: | C$0.02 at close March 24
|
| Market capitalization: | C$4.13 million
|
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