By Devika Patel
Knoxville, Tenn., April 12 - Emgold Mining Corp. said it has increased a non-brokered private placement of units to $1.25 million from $750,000 due to increased demand. It raised $400,000 in the first tranche on April 6.
The company will now sell 5 million units of one common share and one warrant at $0.25 each. The warrants are exercisable at $0.35 for two years.
In the first tranche, the company sold 1.6 million units.
Emgold is a mining company based in Vancouver, B.C.
Issuer: | Emgold Mining Corp.
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Issue: | Units of one common share and one warrant
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Amount: | $1.25 million
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Units: | 5 million
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Price: | $0.25
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Warrants: | One warrant per unit
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Warrant expiration: | Two years
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Warrant strike price: | $0.35
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Agent: | Non-brokered
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Upsized: | April 12
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Settlement date: | April 6 (for $400,000)
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Stock symbol: | TSX Venture: EMR
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Stock price: | C$0.24 at close April 6
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Market capitalization: | C$3.81 million
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