Emgold Raises US$450,000 Through Real Estate Transaction
September 04 2013 - 9:00AM
Access Wire
Emgold Mining
Corporation (EMR: TSX-V) ("Emgold" or the "Company") is pleased to
announce that it has raised US$450,000 through the sale of 18 acres
of land located in Nevada County, California. The sale decreases
the land package owned by the Company related to the Idaho-Maryland
Project from about 52 acres to 34 acres. The land sold is not
required for the potential development of the Idaho-Maryland
Project and was purchased by an adjacent property owner. Proceeds
of the transaction will be used for general working
capital.
David Watkinson, President of Emgold
stated, "The proceeds from this sale provides financing for the
Company in a tough equity market and is non-dilutive to our
shareholders."
About Emgold Mining Corporation
Emgold is a junior gold exploration
and project development company that has several exploration
properties located in the western U.S. and Canada. These include
the Buckskin Rawhide East and West and Koegel Rawhide gold
properties in Nevada, and the Stewart and Rozan poly-metallic
properties in British Columbia.
On behalf of the Board of
Directors
David G. Watkinson, P.Eng.
President & CEO
For further information please contact:
Tel: 778-375-3106
Email: info@emgold.com
This release was
prepared by the Company's management. Neither TSX Venture Exchange
nor its Regulation Services Provider (as the term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. For more information on
the Company, investors should review the Company's filings that are
available at www.sedar.com or the Company's
website at www.emgold.com.
Statements with
respect to the use of proceeds of the disposition may be
"forward-looking statements" within the meaning of applicable
securities laws. Although the Company believes the expectations
expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in or that may be inferred from the
forward-looking statements. Investors are cautioned that any such
statements are not guarantees of future performance and actual
results or developments may differ materially from those projected
in the forward-looking statements. The Company does not intend to
update or revise any forward-looking information whether as a
result of new information, future events or otherwise, except as
required by law.
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