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EMC Metals Corp. (TSX:EMC) completed the private placement of convertible debentures for total proceeds of USD $650,000 at a price of USD $0.05 per share.
As quoted in the press release:
The convertible debentures are convertible into common shares of the Company at a price of USD$0.05 per share for a period of 12 months from the closing date, and bear interest at the rate of 10% per annum.
Click here to read the EMC Metals Corp. (TSX:EMC) press release
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