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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.

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.

Click here to read the EMC Metals Corp (TSX:EMC) press release
Click here to see the EMC Metals Corp (TSX:EMC) profile.

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