Vancouver, British Columbia--(Newsfile Corp. - September 1, 2017) - Emgold Mining Corporation (TSXV: EMR) ("Emgold" or the "Company") is pleased to announce that it has received the necessary regulatory approval for a consolidation (the "Consolidation") of the Company's issued and outstanding common shares (each a "Share") on the basis of ten (10) pre-Consolidation Shares for one (1) post-Consolidation Shares. The Consolidation was previously announced in the Company's press release dated July 18, 2017.
Prior to the Consolidation, Emgold had 79,712,350 Shares issued and outstanding. Post-Consolidation, the Company has 7,971,206 Shares issued and outstanding. Any fractional Share will be converted to nearest whole Share. The Shares will trade under the new CUSIP Number 290928407 and ISIN number CA2909284077. The Company's name and trading symbol will remain the same. The Shares are expected to begin trading on a consolidated basis on or about September 1, 2017.
No action is required to be taken by shareholders who hold their shares through a securities broker, dealer, bank or trust company. Emgold's transfer agent, Computershare Investor Services Inc. ("Computershare"), has sent a letter of transmittal to the registered shareholders that are required to submit a duly-completed letter of transmittal and their pre-Consolidation Share certificates to Computershare in exchange for a post-Consolidation Share certificate. If necessary, additional copies of the letter of transmittal can be obtained by contacting Computershare at 1-800-564-6253 or by e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it..
As previously announced, Emgold is proceeding with its acquisition of an 80% interest in the Golden Arrow gold-silver property in Nevada (the "Golden Arrow Property"). The Golden Arrow Property is an advanced-stage exploration property with a comprehensive exploration database including geochemical sampling, geophysics, and over 190,000 feet of reverse circulation and diamond core drilling. A description of the property and details of the acquisition can be found in the Company's press release dated July 18, 2017.
Also as previously announced, Emgold intends to complete an equity financing (the "Offering") in conjunction with the execution of a definitive option agreement for the Golden Arrow Property. The net proceeds of the Offering will be used to fund the initial acquisition cost of the Golden Arrow Property, to conduct exploration on the property and Emgold's other properties, and for general working capital purposes. Details of this financing will be forthcoming.
About Emgold
Emgold is a junior gold exploration and mine development company that has several exploration properties located in the western United States and Canada. These include the Buckskin Rawhide East, Buckskin Rawhide West, and Koegel Rawhide gold and silver properties in Nevada, and the Stewart and Rozan poly-metallic properties in British Columbia.
This news release does not constitute an offer of sale of any of the above-mentioned securities in the United States. The foregoing securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any applicable state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable exemption from such registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
