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.
