EMR Emergent Metals Corp

Emgold Mining Corporation ("Emgold")(TSX
VENTURE:EMR)(OTCQB:EGMCF)(FRANKFURT:EML) is pleased to announce that a total of
1,194,101 common share purchase warrants "warrants" of the Company have been
exercised by warrant holders at CDN$0.10 per share for total proceeds of CDN
$119,410. These warrants were exercised through an Early Conversion Option as
part of a re-pricing and extension of warrants that was previously announced by
the Company in July 18, 2012 and August 17, 2012 press releases. 


David Watkinson, President and CEO of Emgold stated, "The re-pricing and
extension of existing warrants was requested by certain warrant holders due to
the existing poor market conditions in the junior mining sector. We were
successful re-pricing and extending 11.8 million eligible warrants of the
Company. Of these, about 10 percent of the eligible warrants were converted to
shares under the Early Conversion Option." The proceeds from the early
conversion will be used for general working capital.


About Emgold Mining Corporation 

Emgold's main asset is the Idaho-Maryland Mine in California. The Idaho-Maryland
Mine produced 2.4 million ounces of gold at an average recovered grade of 0.43
ounces per ton between 1862 and 1956. The Company's goals are to obtain required
permits, dewater, and rehabilitate the historic underground workings, conduct
underground exploration, and ultimately, if exploration is successful, construct
a high grade underground gold operation capable of producing over 200,000 ounces
of gold per year.  


Emgold has several other exploration properties located in the western U.S. and
Canada. These include the Buckskin Rawhide and Koegel Rawhide gold properties in
Nevada where both high grade vein and bulk disseminated gold exploration targets
have been identified. The Company also has the Stewart and Rozan poly-metallic
properties in British Columbia where plans it to complee exploration activities,
including diamond drilling, in 2012. Emgold is completing exploration on these
properties with the goal of discovering and defining mineral resources.


On behalf of the Board of Directors 

David G. Watkinson, P.Eng., President & CEO

This release was prepared by the Company's management. Neither TSX Venture
Exchange nor its Regulation Services Provider (as the term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. For more information on the Company, investors should
review the Company's filings that are available at www.sedar.com or the
Company's website at www.emgold.com. This news release includes certain
statements that are "forward-looking statements" within the meaning of
applicable securities laws including statements regarding the timing of
completion of the EIR for the Idaho-Maryland Project, plans to dewater and
rehabilitate the underground workings, the Company's other planned work
programs, exploration potential, expected results, and other statements.
Forward-looking statements are based on certain assumptions that the City of
Grass Valley and its consultants, which are funded by Emgold, will complete the
EIR in a reasonable timeframe, the City of Grass Valley will certify the EIR as
complete, and the City of Grass Valley will approve the Conditional Use Permit
for the mine and approve other entitlements under their authority. They assume
other permitting agencies overseeing the project on a local, state and federal
level will grant the permits needed for mining construction and operation. They
assume that actual results of permitting and exploration are consistent with
management's expectations, that assumptions relating to exploration targets are
accurate, and that necessary financing is available to complete the required
exploration work. They include assumptions about production rates, production
grades, and gold recoveries. 


Although the Company believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results or developments may differ
materially from those in the forward-looking statements. Factors that could
cause actual results to differ materially from those in forward-looking
statements include the failure to obtain the required permits and approvals,
exploration results that are different than those anticipated, inability to
raise or otherwise secure capital to fund planned permitting, exploration, mine
construction and development, and mine operations. Other risk factors include
changes in metal prices, the price of the Company's shares, the costs of labour,
the cost of equipment, the cost of supplies, actual development and mining
operation successes, exploitation and exploration successes, approvals by
federal, state, and local agencies, permitting delays, legal challenges to
permits, general economic, market or business conditions, and other factors
beyond the control of the Company. Investors are cautioned that any such
statements are not guarantees of future performance and actual results or
developments may differ materially from those projected in the forward-looking
statements. The Company does not intend to update or revise any forward-looking
information whether as to a result of new information, future events or
otherwise, except as required by law.

Emergent Metals (TSXV:EMR)
Historical Stock Chart
From May 2024 to Jun 2024

Emergent Metals (TSXV:EMR)
Historical Stock Chart
From Jun 2023 to Jun 2024