2012-07-23 14:48:01 -
Reno, Nevada - July 23, 2012 - EMC Metals Corp. (TSX: EMC) is pleased to announce that it has received subscriptions for a private placement of 11,679,625 common shares of the Company. The shares were offered at a price of $0.06 per share for gross proceeds of $700,750. The proceeds from the financing will be used for general working capital and re-start work on the Springer Tungsten mine in Imlay, Nevada.
All securities issued under the non-brokered 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.
Closing of the Private Placement is subject to approval of the Toronto Stock
For additional information please contact:
EMC Metals Corp.
Investor Relations-Nevada: (775) 355-9500 or firstname.lastname@example.org
Sara Boatright Patterson, Windward Global, Charlotte, NC -1-704-588-8600
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein. The securities have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws, or qualified by prospectus under Canadian securities laws, and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available or within Canada or to persons in Canada unless qualified by prospectus under Canadian securities laws or an exemption from such requirement is available.
EMC Metals Corp.
501 1430 Greg Street,
Sparks Nevada, 89431
Tel: (775) 355-9500
Fax: (775) 355-9506
To view this press release as a web page, click onto the link below:
Source: EMC Metals Corp. (TSX: EMC) www.emcmetals.com
Maximum News Dissemination by FSCwire. www.fscwire.com