Z Zinc One Resources Inc

Eagle Mountain Gold Corp. ("Eagle Mountain" or the "Company") (TSX
VENTURE:Z)(FRANKFURT:E9X)(OTCQX:EMGCF) announces the arrangement of a
non-brokered private placement of up to 10,000,000 units ("Units") at a price of
$0.06 per Unit for total gross proceeds of approximately $600,000. Each Unit
shall consist of one common share (a "Share") and one transferable share
purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one
common share (a "Warrant Share") at a price of $0.10 for a period of two years
from the closing date of the private placement. The Company has agreed to pay
finders' fees comprising an 8% commission payable to Weiser Capital Management
("Weiser") of Nassau, Bahamas, at the sole election of Weiser in cash or units
(the "Finder's Units") at a deemed price of $0.06 per Finder's Unit. Each
Finder's Unit shall consist of one common share and one non-transferable share
purchase warrant (a "Finder's Warrant") entitling the holder thereof to purchase
one common share of the Company at a price of $0.10 per share for a term of 24
months from closing.


The proceeds of the private placement will be used to fund the advancement of
the Company's Eagle Mountain Project in Guyana, and for general working capital.



The private placement is subject to TSX Venture Exchange acceptance. 

This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "US Securities Act"), or any state securities laws and may not
be offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.


On behalf of The Board of Directors of Eagle Mountain Gold Corp.

Ioannis (Yannis) Tsitos, President, CEO & Director 

This document contains certain forward looking statements which involve known
and unknown risks, delays, and uncertainties not under the corporations control
which may cause actual results, performance or achievements of the corporation's
to be materially different from the results, performance or expectation implied
by these forward looking statements.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Eagle Mountain Gold Corp.
Ioannis (Yannis) Tsitos
President, CEO and Director
Toll Free (North America): 1 (866) 437-9552
Outside North America: +1 (416) 489-0092
ir@eaglemountaingoldcorp.com

Zinc One Resources (TSXV:Z)
Historical Stock Chart
From May 2024 to Jun 2024

Zinc One Resources (TSXV:Z)
Historical Stock Chart
From Jun 2023 to Jun 2024