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VANCOUVER, BC, May 18, 2021 /CNW/ - Eminent Gold Corp.
(TSXV: EMNT) (the "Company") is pleased to announce a
non-brokered private placement (the "Offering") for up to
$2,800,000. Pursuant to the
Offering, if fully subscribed to, the Company will issue 4,000,000
common shares at a price of $0.70 per
common share, for gross proceeds of $2,800,000. The proceeds of the private placement
are for the Company's general working capital, to fund the
investigation of potential acquisitions and for exploration
activities. The Company intends to close the private
placement on or before May 31, 2021
and closing of the private placement is subject to the approval of
the TSX Venture Exchange.
The private placement will be conducted in reliance upon certain
exemptions from the prospectus requirements. The securities issued
under the private placement will be subject to a hold period
expiring four months and one day after the closing date. The common
shares have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold
in the United States absent
registration or an applicable exemption from the registration
requirements. This press release does not constitute an offer to
sell or the solicitation of an offer to buy nor shall there be any
sale of the common shares in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
On behalf of the Board of Directors,
"Paul Sun"
CEO and Director
About Eminent Gold
Eminent Gold is a gold exploration company focused on creating
shareholder value through the exploration and discovery of
world-class gold deposits in Nevada. Its multidisciplinary team has had
multiple successes in gold discoveries and brings expertise and new
ideas to the Great Basin. The Company's exploration assets in the
Great Basin include: Hot Springs Range Project, Weepah, and Spanish
Moon District.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
This news release contains certain statements that may be
deemed "forward-looking statements" with respect to the Company
within the meaning of applicable securities laws. Forward-looking
statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects",
"plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or
conditions "will", "would", "may", "could" or "should" occur.
Forward-looking statements made in this news release include the
anticipated completion of the private placement and the use of
proceeds from the private placement. Although Eminent Gold
Corp. believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, , such statements
are not guarantees of future performance, are subject to risks and
uncertainties, and actual results or realities may differ
materially from those in the forward-looking statements. Such
material risks and uncertainties include, but are not limited to,
the Company's to obtain TSX Venture Exchange approval and to close
the private placement. Forward-looking statements are based on the
reasonable beliefs, estimates and opinions of the Company's
management on the date the statements are made. Except as required
by law, the Company undertakes no obligation to update these
forward looking statements in the event that management's beliefs,
estimates or opinions, or other factors, should change.
SOURCE Eminent Gold Corp.