The company has closed its financing pursuant to its amended and restated prospectus dated Nov. 15, 2017, which was filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the securities commissions of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador, on Nov. 15, 2017, pursuant to the provisions of the applicable securities acts.

The exchange has been advised that the offering closed on Nov. 16, 2017, for aggregate gross proceeds of $28,800,034.50.

Underwriters:  Eight Capital, Canaccord Genuity Corp., Echelon Wealth Partners Inc. and GMP Securities LP

Offering:  (1) 7,885,734 units (including the overallotment option) (Each unit consists of one common share and one common share purchase warrant.); (2) 15,000 8.0 per cent unsecured convertible debentures

Offering price:  $1.75 per unit; $1,000 per debenture

Warrant exercise price/term:  Each warrant entitles the holder to acquire one common share at a price of $2.15 per common share for a period of three years.

Underwriters' fees:  An aggregate of $1,728,002.07, plus 493,715 compensation options, has been paid to the underwriters. Each compensation option shall be exercisable into one unit at the same terms as above.

Overallotment option:  The underwriters were granted an overallotment option in connection with this offering to purchase up to an additional 1,028,574 units (being 15 per cent of the units offered under the offering) on the same terms as above, exercisable up to 30 days after the closing of the offering. The overallotment option was fully exercised.

For further information, refer to the company's amended and restated short form prospectus dated Nov. 15, 2017, filed on SEDAR.

The warrants of the company will be listed and admitted to trading on the TSX Venture Exchange on the effective date as stated below.

Commencement date:  At the opening on Tuesday, Nov. 21, 2017, the warrants will commence trading on the TSX Venture Exchange.

Corporate jurisdiction:  Canada

Capitalization:  7,885,734 warrants issued and outstanding

Transfer agent:  Computershare Investor Services Inc.

Trading symbol:  EMC.WT.A

Cusip No.:  29082J165