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To: Goose94 who wrote (6779)5/22/2014 9:39:46 AM
From: Goose94Read Replies (4) | Respond to of 203020
 
EMC Metals (EMC-T) May 22, '14 announces that it is offering, on a non-brokered private placement basis, up to 35,300,000 shares at a price of C$0.085 per common share.

The proceeds from the financing will be used for general working capital purposes on company projects, including and as a priority, the settlement payments required to secure ownership of the Nyngan Scandium Project in Australia. Cash finder’s fees may be payable on portions or all of the private placement financing. Closing of the financing is subject to TSX approval.

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.