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, Chairman
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