Emgold Mining Corporation (TSXV:EMR) announced a non-brokered non-flow-through private placement of up to 22,222,222 non flow through units at a price of CAD 0.09 per unit for gross proceeds of up to CAD 2,000,000 on August 19, 2020. Each unit will consist of common share and one whole non-transferable common share purchase warrant of the company. Each warrant will entitle the holder to purchase one additional common share of the company at an exercise price of CAD 0.12 per share for a period of 24 months from the date of closing. The non-flow transferable Offering is subject to a minimum subscription amount of CAD 3,150, and flow-through private placement of up to 10,000,000 flow through units at a price of CAD 0.10 per unit for gross proceeds of up to CAD 1,000,000. Each unit will consist of common share and one-half of one non-transferable common share purchase warrant of the company. Each warrant will entitle the holder to purchase one additional common share of the company at an exercise price of CAD 0.16 per share for a period of 24 months from the date of closing. The non-flow transferable Offering is subject to a minimum subscription amount of CAD 3,000. The transaction included participation from insiders of the company for non- flow through transferable units and flow through transferable units. The company may pay finder's fee in cash or in securities. The transaction is subject to the TSX Venture Exchange. All securities to be issued in the transaction will be subject to a hold period of four months and one day from the date of issue.