See more news releases in: Mining & Metals
Emerick Terminates Option on Northwest Territories Property and Private Placement Financing
VANCOUVER, Jan. 26, 2012 /PRNewswire/ - 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 Statement
Some 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.
SOURCE Emerick Resources Corp.
Back to top
Custom Packages
Browse our custom packages or build your own to meet your unique communications needs.
PR Newswire Membership
Fill out a PR Newswire membership form or contact us at (888) 776-0942.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.
Featured Video
More in These Categories
Journalists and Bloggers
![]()
Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.
View and download archived video content distributed by MultiVu on The Digital Center.
Free Investing Newsletter from Investor Uprising!
Learn to navigate the world's financial system and profit from leading companies.
Register for Investor Uprising, the people's investment site, for a free weekly newsletter, information, education and premium research including our latest IU Confidential Report - "All That Glitters: The Ultimate Gold Report".
