Emerick Arranges $300,000 Financing

VANCOUVER, Dec. 2 /CNW/ - Emerick Resources Corp. (TSX-V: ERC) is pleased to announce that it has arranged, subject to stock exchange approval, a non-brokered private placement of up to 2.0 million units at $0.16 per unit, for proceeds of up to $320,000. Each unit will consist of one common share and one warrant. Each warrant will entitle the holder to purchase one additional common share of the Company at $0.21 exercisable for two years.

The proceeds of the placement will be used for general working capital purposes.

    
    ON BEHALF OF THE BOARD

    "Simon Ridgway"
    Simon Ridgway, Chairman

    Symbol: TSXV-ERC
    Shares Issued: 11.4-million


    Neither the TSX Venture Exchange nor the Investment Industry Regulatory
    Organization of Canada accepts responsibility for the adequacy or
    accuracy of this release
    

SOURCE Emerick Resources Corp.

For further information: For further information: Investor relations: Erin Ostrom, tel: (604) 801-5432

Organization Profile

Emerick Resources Corp.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890