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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

ORIGINAL: Chimata Gold closes sale of two million Emgold shares

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

Received by email:

File: 2019.02.07 CAT NR - Sale of Emgold Shares.pdf

                                                                                     NEWS RELEASE

                                                                                              CSE: CAT

                                                   1015  789 West Pender Street, Vancouver, BC V6C 1H2

                     Chimata Completes Sale of 2,000,000 Emgold Shares

Vancouver, BC, February 7, 2019   Chimata Gold Corp. (CSE: CAT) ("Chimata" or the "Company")
announced today that it has completed the sale of 2,000,000 common shares of Emgold Mining
Corporation ("Emgold") for total proceeds of $100,205 (the "Transaction").
Following completion of the Transaction, Chimata now owns 4,000,000 common shares of Emgold,
which represents an approximate 11.30% 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 take-over transaction with Zimbabwe Lithium Company (Mauritius) Limited
("Zimbabwe Lithium", or "ZIM") regarding the exploitation of development rights for the Kamativi
lithium tailings (the "Kamativi 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 (the "Early Warning Report"). 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 (04) 674-3145.
ON BEHALF OF THE BOARD

Richard Groome
Chairman and Interim President and CEO

Further information regarding the Company can be found on SEDAR at www.SEDAR.com, or by
contacting the Company directly at (604) 674-3145.

This news release may contain forward looking statements. Forward-looking statements address
future events and conditions and therefore involve inherent risks and uncertainties. Actual results
may differ materially from those currently anticipated in such statements. Particular risks applicable
to this press release include risks associated with planned production, including the ability of the
company to achieve its targeted production outline due to regulatory, technical or economic
factors. In addition, there are risks associated with estimates of resources, and there is no guarantee
that a resource will have demonstrated economic viability as necessary to be classified as a
reserve. There is no guarantee that additional exploration work will result in significant increases to
resource estimates differ materially from those currently anticipated in such statements. Particular
risks applicable to this press release include risks associated with planned production, including the
ability of the company to achieve its targeted production outline due to regulatory, technical or
 economic factors. In addition, there are risks associated with estimates of resources, and there is no
guarantee that a resource will have demonstrated economic viability as necessary to be classified as
a reserve. There is no guarantee that additional exploration work will result in significant increases to
resource estimates

The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept
responsibility for its adequacy or accuracy.

We seek safe harbour.
 


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