03:58:50 EDT Fri 17 May 2024
Enter Symbol
or Name
USA
CA



Eminent Gold Corp
Symbol EMNT
Shares Issued 45,527,182
Close 2023-06-22 C$ 0.415
Market Cap C$ 18,893,781
Recent Sedar Documents

Eminent Gold arranges $1.5-million private placement

2023-06-28 13:17 ET - News Release

Mr. Paul Sun reports

EMINENT GOLD CORP. ANNOUNCES PRIVATE PLACEMENT

Eminent Gold Corp. has arranged a non-brokered private placement for up to $1.5-million. Pursuant to the offering, if fully subscribed to, the company will issue 4,687,500 units at a price of 32 cents per unit for gross proceeds of $1.5-million.

Each unit will consist of one common share of the company and one common share purchase warrant exercisable to acquire one common share at a price of 50 cents for a period of 36 months. After four months from closing, if the closing price of the common shares is at a price equal to or greater than $1 for a period of 10 consecutive trading days, the company will have the right to accelerate the expiry date of the warrants by giving notice, via news release, to the holders of the warrants that the warrants will expire on the date that is 30 days after the issuance of said news release. The proceeds of the offering are for the company's general working capital and for exploration activities. The closing of the offering is subject to the approval of the TSX Venture Exchange, and the company may pay finders' fees upon closing the offering.

The offering will be conducted in reliance upon certain prospectus and private placement exemptions. The securities issued under the private placement will be subject to a hold period expiring four months and one day after the closing date.

About Eminent Gold Corp.

Eminent Gold is a gold exploration company focused on creating shareholder value through the exploration and discovery of world-class gold deposits in Nevada. Its multidisciplinary team has had multiple successes in gold discoveries and brings expertise and new ideas to the Great basin. The company's exploration assets in the Great basin include: Hot Springs Range, Weepah, Gilbert South and Spanish Moon District.

We seek Safe Harbor.

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