Emgold Mining Corporation - $10,000,000 Brokered Private Placement
Published June 9th, 2007
Emgold Mining Corporation is announcing that it has entered into an agreement with M Partners Inc. to act as its exclusive lead agent in connection with a brokered private placement offering on a best efforts basis to raise gross proceeds of up to $10,000,000 through the offer and sale of units of the Company.
The Company will issue up to 50 million units at a price of $0.20 per Unit. Each Unit will comprise one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share for a period of 24 months from closing at an exercise of $0.35 per share.
The Agent will receive a cash fee equal to 8% of the aggregate gross proceeds of the Offering and compensation warrants exercisable to acquire that number of units that is equal to 8% of the total number of units sold in the Offering, at an exercise price of $0.20 per unit for a period of 18 months from closing.
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