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EMC Metals Corp. (TSX:EMC) completed a private placement of 5,534,411 common shares at a price of C$0.085 per share for gross proceeds of C$470,425. 31 percent of the placement was sold to directors of EMC.
As quoted in the press release:
The proceeds from the financing will be used for general working capital, and specifically for the advancement of the Company’s Nyngan Scandium Project in NSW, Australia.
Click here to read the EMC Metals Corp. (TSX:EMC) press release
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