EMC Metals Corp. (the “Company” or “EMC”) (TSX: EMC) announces
that it has completed a second tranche private placement of 4,122,150
common shares of the Company at a price of C$0.025 per share for gross
proceeds of $C103,053. This second tranche, combined with the first
tranche of funding announced in March 2014, represents a total of
12,655,410 common shares issued, at a price of $0.025 per share, for
gross proceeds of C$316,385.
The proceeds from the financing will be used for general working
capital. No fees were paid in connection with the private placement and
52% of the total shares in the placement were subscribed for by
management.
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 info@emcmetals.com
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.
www.emcmetals.com
Copyright Business Wire 2014