EMC Metals Corp. (TSX:EMC) completed the first tranche of a private placement of 10,415,396 common shares of the Company at a price of C$0.085 per share for gross proceeds of $C885,308.66.
As quoted in the press release:
All securities issued under the 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.
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