PR Newswire: news distribution, targeting and monitoring

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.

Start today.

 

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

 
  • Print
  • Email
  •   RSS
  • Share it  
  • Blog it  
  • Blog Search  

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".

Advanced Search
Search
  
  1. Products & Services
  2. Knowledge Center
  3. Browse News Releases
  4. Contact PR Newswire