Eagle Mountain Announces Closing of $265,750 Private Placement
21 December 2013 - 1:00AM
Marketwired
Eagle Mountain Announces Closing of $265,750 Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 20, 2013) -
Eagle Mountain Gold Corp. ("Eagle Mountain" or the "Company")
(TSX-VENTURE:Z)(FRANKFURT:E9X1)(OTCQX:EMGCF) announces the closing
of a non-brokered private placement (the "Financing"), previously
announced on December 2, 2013, for total gross proceeds of
$265,752.50. The Financing was oversubscribed.
The Company issued 4,088,500 units (each a "Unit") at a price of
$0.065 per Unit. Each Unit consists of one common share (a "Share")
and one-half of one transferable share purchase warrant (a
"Warrant"). Each whole Warrant entitles the holder to purchase one
common share at a price of $0.11 until December 20, 2015, being two
years from the closing of the Financing. The Company will pay a
finder's fee of $16,060.20 to Weiser Capital Limited.
All securities issued above are subject to a hold period
expiring on April 21, 2014, being four months and one day after
closing of the Financing. 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.
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.
Eagle Mountain Gold Corp.Ioannis (Yannis) TsitosPresident, CEO
and DirectorToll Free (North America): 1 (866) 437-9552Outside
North America: +1 (416) 489-0092ir@eaglemountaingoldcorp.com
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