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Chimata Gold Corp (2)
Symbol C : CAT
Shares Issued 50,422,310
Close 2019-02-07 C$ 0.06
Recent Sedar Documents

Chimata Gold closes sale of two million Emgold shares

2019-02-07 20:17 ET - News Release

Mr. Richard Groome reports

CHIMATA COMPLETES SALE OF 2,000,000 EMGOLD SHARES

Chimata Gold Corp. has completed the sale of two million common shares of Emgold Mining Corp. for total proceeds of $100,205.

Following completion of the transaction, Chimata now owns four million common shares of Emgold, which represents an approximately 11.30-per-cent interest in Emgold.

The proceeds received by the company from the transaction will be used for general working capital purposes as the company is currently preparing for the completion of the second and final phase of its contemplated reverse takeover transaction with Zimbabwe Lithium Company (Mauritius) Ltd. (ZLM) regarding the exploitation of development rights for the Kamativi lithium tailings deposit at the Kamativi tin mine, Matabeleland North province, Zimbabwe.

This news release is being issued in pursuant to National Instrument 62-103, The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which also requires a report to be filed with the regulatory authorities in each jurisdiction in which Emgold is a reporting issuer containing information with respect to the foregoing matters. A copy of the early warning report will be filed on the Emgold's profile on SEDAR and may also be obtained by contacting the company at 604-674-3145.

We seek Safe Harbor.

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