Emerick provides update on proposed acquisition of Western European properties
VANCOUVER, Nov. 6, 2012 /CNW/ – Emerick Resources Corp. (TSX-V: ERC) is pleased to announce that it has signed a binding Share Purchase Agreement to acquire all of the outstanding shares of Medgold Resource Ltd. (“Medgold”), a private company incorporated in England and Wales focused on the exploration and development of precious and base metals in Western Europe. (See Emerick news release of May 8, 2012.) To acquire Medgold, the Company will issue 32,287,500 shares in its capital stock to Medgold’s shareholders in proportion to their respective shareholdings in Medgold.[…]