Engineer Gold Announces Non-Brokered Private Placement
ENGINEER GOLD MINES LTD.
Suite 804 - 750 West Pender Street
Vancouver, B.C. V6C 2T7
Telephone: 604.682.2928
Fax: 604.685.6905
www.engineergoldmines.com
Engineer Gold Announces Non-Brokered Private Placement
July 13, 2020
Vancouver, BC – Engineer Gold Mines Ltd. (the “Company”) (TSXV: EAU) announce s a non-
brokered private placement to raise $500,000 through the issuance of 8,333,333 units ( “Unit”) at
a price of $0.06 per each Unit. Each Unit will be comprised of one common share and one -half
of one share purchase warrant (a “Warrant”). Each whole Warrant is exercisable to purchase one
common share of the Company at a price of $0.12 per share for a p eriod of 30 months f rom the
date of closing of the financing.
The above private placement is in addition to private placement announced June 13 for $800,000
through the issuance of 13,333,333 units with the same terms. Both private placements are fully
subscribed and it is anticipated they will close shortly.
The private placement s are subject to TSX Venture Exchange approval and all securities are
subject to a four month hold period. Finder’s fees will be payable in connection with the private
placements, all in accordance with the policies of the TSX Venture Exchange.
The proceeds will be used for the exploration program at the Engineer Gold Mine Property, 32
km west of Atlin in northern BC, and general working capital.
This press release does no t constitute an offer of sale of any of the foregoing securities in the
United States. None of the foregoing securities have been and will not be registered under the
U.S. Securities Act of 1933, as amended (the “1933 Act”) or any applicable state securiti es laws
and may not be offered or sold in the United States or to, or for the account or benefit of, U.S.
persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent
registration or an applicable exemption from such regis tration requirements. This press release
does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale
of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be
unlawful.
About Engineer Gold Mines Ltd.
Engineer Gold is focused on the exploration and development of the 100% -owned, 14,020 ha
Engineer Gold Mine Property, centered on the Historic high- grade Engineer Gold Mine situated
32 km southwest of Atlin, B.C. Previous wor k has identified numerous high- grade vein and
shear-hosted bulk-tonnage gold exploration targets including Wann River to the southwest and
Happy Sullivan to the northeast of the Engineer Gold Mine.
For additional information please visit the company website at www.engineergoldmines.com
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On Behalf of the Board of Directors
Contact Information
Engineer Gold Mines Ltd. Corporate Inquiries:
"Andrew H. Rees" Andrew H. Rees: 604-505-3739
Mr. Andrew H. Rees Email: [email protected]
Director
Cautionary Note Regarding Forward-Looking Statements
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain forward looking statements which involve known and unknown risks,
delays, and uncertainties not under the control of Engineer Gold Mines Ltd. which may cause actual
results, performance or achievements of Engineer Gold Mines Ltd. to be materially different from the
results, performance or expectation implied by these forward looking statements. By their nature, forward
looking statements involve risk and uncertainties because they relate to events and depend on factors that
will or may occur in the future. Actual results may vary depending upon exploration activities, industry
production, commodity demand and pricing, currency exchange rates, and, but not limited to, general
economic factors. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.