EMC Metals Complete Private Placement

EMC Metals Corp.(TSX:EMC) announced the completion of a private placement for gross proceeds of $700,777.

As quoted in the press release:

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 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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