RENO, Nev.--(BUSINESS WIRE)--EMC Metals Corp. (the “Company” or “EMC”) (TSX:EMC) announces that it has completed a private placement of 8,533,260 common shares of the Company at a price of C$0.025 per share for gross proceeds of $C213,331.50. The proceeds from the financing will be used for general working capital. No fees were paid in connection with the private placement and 87% of the total shares in the placement were subscribed for by management and insiders.
All securities issued under the private placement are subject to a Canadian hold period expiring four months after the closing date. The securities are also subject to restrictions on resale under U.S. federal securities laws.
For additional information please contact:
EMC Metals Corp.
Investor Relations-Nevada: (775) 355-9500 or firstname.lastname@example.org
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein. The securities have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws, and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.