EMP METALS ANNOUNCES FINANCING OF UP TO $9,757,600 – EMP Metals Corp
Summary
Each Warrant will be exercisable to acquire one (1) additional Common Share (a Warrant Share) at an exercise price of $0.60 per Warrant Share for a period of two (2) years from the date of issue.The Company may pay finders a fee consisting of cash and/or Warrants.The net proceeds from the sale of the HD Units will be used by the Company for drilling wells and other exploration work on the EMP Project, Saskatchewan and for general corporate and working capital purposes.The gross proceeds from the sale of FT Units will be used by the Company to incur eligible Canadian exploration expenses that will qualify as flow-through critical mining expenditures as such terms are defined in the Income Tax Act (Canada) and eligible flow-through mining expenditures as such term is defined in the Mineral Exploration Tax Credit Regulations (Saskatchewan) (the Qualifying Expenditures) related to the EMP Project. EMP, in partnership with ROK, currently holds 192,000 net (77,700 hectares) acres of Subsurface Dispositions and strategic wellbores in Southern Saskatchewan. Such factors include, among other things: risks and uncertainties relating to EMP Metals limited operating history, ability to obtain sufficient financing to carry out its exploration and development objectives on its mineral properties, obtaining the necessary permits to carry out its activities and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, EMP Metals undertakes no obligation to publicly update or revise forward-looking information.Neither the Canadian Securities Exchange (CSE) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this news release.