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Emerick Updates Proposed Acquisition of Western European Properties

Emerick Resources Corp. (ERC-H.V) has signed a binding Share Purchase Agreement to acquire all of the outstanding shares of Medgold Resource Ltd., a private company incorporated in England and Wales focused on the exploration and development of precious and base metals in Western Europe.

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.

Based on the terms of the transaction, Emerick has applied to the TSX Venture Exchange to have its listing graduated from the NEX board to Tier 2 of the exchange as a resource issuer. Upon completion of the transaction, Emerick will change its name to Medgold Resources Corp.

The exchange has conditionally approved the transaction, subject to approval by Emerick's shareholders, which will be sought at a special meeting on November 30.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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