NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES. VANCOUVER, British Columbia, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Eminent Gold Corp. (TSXV:EMNT) (the "Company") is pleased to announce a non-brokered private placement (the "Offering") for up to $1,300,000. Pursuant to the Offering, if fully subscribed to, the Company will issue 5,000,000 units at a price of $0.26 per unit. Each unit will consist of one common share of the Company and one common share purchase warrant (the "Warrant") exercisable to acquire one common share at a price of $0.55 for a period of 24 months. After 4 months from closing, if the closing price of the common shares is at a price equal to or greater than $1.00 for a period of ten consecutive trading days, the Company will have the right to accelerate the expiry date of the Warrants by giving notice, via news release, to the holders of the Warrants that the Warrants will expire on the date that is 30 days after the issuance of said news release. The proceeds of the private placement are for the Company's general working capital, payment of property holding costs and for exploration activities. Closing of the private placement is subject to the approval of the TSX Venture Exchange and the Company may pay finders fees upon closing of the Offering. The private placement will be conducted in reliance upon certain prospectus and private placement exemptions. The securities issued under the private placement will be subject to a hold period expiring four months and one day after the closing ...