News Release
Emerick Terminates Option on Northwest Territories Property and Private Placement Financing January 26, 2012. Emerick Resources Corp. (TSX-V: ERC) announces that due to current market conditions, the Company has terminated the proposed transaction whereby it was granted the option to earn a 75% interest in the Providence Greenstone Belt Project located in the Northwest Territories (see news release of August 4, 2011). The planned private placement to raise funds for this transaction is also not proceeding.
As the Company is not currently maintaining the continued
listing requirements of the TSX Venture Exchange, the
Exchange has transferred the Company's listing to the NEX
Board under the trading symbol ERC.H.
The Company's working capital position is approximately
$550,000 and management is currently evaluating prospective
mineral properties for potential acquisition.
ON BEHALF OF THE BOARD
"Ralph Rushton"
Ralph Rushton, President & CEO
Investor relations: Jaclyn Ruptash, tel: 604-801-5432
Symbol: TSXV-ERC Shares Issued: 20.1-million
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of
Canada accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking StatementSome of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Emerick Resources Corp. Actual results may differ materially from those
currently anticipated in such statements.
distribué par | Ce noodl a été diffusé par Emerick Resources Corp. et initialement mise en ligne sur le site http://www.emerick.ca. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-26 15:19:28 PM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
Documents associés | |
Emerick Terminates Option on Northwest Territories Property and Private Placement Financing |