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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (6780)	5/22/2014 9:40:23 AM
From: Goose94	Respond to of 203026

EMC-T halted

To: Goose94 who wrote (6780)	5/23/2014 4:54:38 PM
From: Goose94	Read Replies (1) \| Respond to of 203026

EMC-T new 52 week high, 11.5 cents

To: Goose94 who wrote (6780)	6/12/2014 12:27:05 PM
From: Goose94	Respond to of 203026

EMC-T - greencarreports.com

To: Goose94 who wrote (6780)	6/24/2014 5:56:45 PM
From: Goose94	Read Replies (2) \| Respond to of 203026

EMC-T new 52 week high, 15 cents on news. EMC Metals June 24, '14 secured a $2.5-million (U.S.) loan facility with Scandium Investments LLC, a company owned by a U.S. private investor group. The proceeds of the loan are intended to extinguish all outstanding financial obligations related to a February, 2013, negotiated settlement arrangement securing rights to the Nyngan scandium project. In this regard, the company repaid today $1.2-million (U.S.) in maturing indebtedness on existing debt, and will use the remaining loan proceeds to pay the final $1.4-million (Australian) instalment of the Nyngan settlement payment due June 30, 2014. Completion of these two payments secures 100-per-cent ownership of the Nyngan scandium project for EMC. This $2.5-million (U.S.) loan includes a convertible feature, exercisable by either the lender or EMC into an effective 20-per-cent joint venture (JV) interest in both the company's Nyngan and Honeybugle scandium projects, provided certain conditions are met by EMC. Highlights of the loan and convertible terms: 18-month $2.5-million (U.S.) term loan, principal due on maturity; Loan interest rate increases in increments from 4 per cent to 12 per cent per annum over the loan term; Full loan is convertible into an effective 20-per-cent JV interest in Nyngan and Honeybugle; Conversion at lender's option, or automatically, when EMC raises $3-million (U.S.) in equity; The 20-per-cent JV partner has a carried interest until EMC meets two milestones: (1) filing a feasibility study on SEDAR, and (2) receiving a mining licence, on either JV property; JV partner becomes fully participating on development and build costs thereafter; JV partner holds an option to convert 20-per-cent JV interest into equivalent value of EMC shares, at market values, rather than participate in construction; The JV partner's option to convert its project interest to EMC shares is a one-time option, at such time as the partner becomes fully participating on project costs. Private placement The company is also pleased to announce that it has received a total of $662,500 in first tranche subscriptions toward its previously announced private placement. In addition, pursuant to the terms of the loan agreement, an affiliate of the lender has subscribed for $250,000 of the private placement, which would bring the total gross proceeds to $912,500 upon closing of the first tranche. The company will pay finders' fees on a portion of the financing. The private placement is subject to Toronto Stock Exchange review and approval prior to closing. George Putnam, chief executive officer of EMC Metals, commented: "We are very happy with the results of these recent financing efforts, and pleased to see a financial resolution to what has been a long and concerted effort to achieve direct ownership of the Nyngan scandium project. This transaction does a number of important things for EMC; it fully secures the Nyngan project, ultimately preserves 80 per cent of the project for shareholders and offers a clear path to a debt-free balance sheet with the JV conversion. This transaction creates a platform that ensures new shareholder investments can now go towards building project value and generating progress news. It also brings us a partner that is aligned in helping us through development and ultimately to production, in what we intend to be the world's first primary scandium mine." The technical information in this news release has been reviewed by Willem Duyvesteyn, a qualified person as defined by National Instrument 43-101. Mr. Duyvesteyn is employed by EMC Metals.