Engineer Gold Closes Non-Brokered Private Placement Tranche Raising Gross Proceeds of $587,000
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 Closes Non-Brokered Private Placement Tranche
Raising Gross Proceeds of $587,000
April 20, 2021
Vancouver, BC – Engineer Gold Mines Ltd. (the “Company”) (TSXV: EAU) announces it has
closed the first tranche of a non-brokered private placement announced March 23, 2021 raising
gross proceeds of $587,000. 11,740,000 units (“Unit”) have been issued at a price of $0.05 per
each Unit. Each Unit is comprised of one common share and one -half of one share purchase
warrant (“Warrant”). Each wh ole Warrant is exercisable to purchase one common share of the
Company at a price of $0.12 per share for a period of 3 6 months from closing of the financing
expiring April 21, 2024.
All securities are subject to a four month hold period. Finder’s fees pa yable in connection with
this tranche total $ 29,750 and 595,000 finder’s warrants. Finder’s Warrant s are exercisable to
purchase one common share of the Company at a price o f $0. 09 per share expiring April 21,
2024. The private placement is subject to TSX Venture Exchange approval.
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 not constitute an offer of sale of any of th e 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 securities 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 registration 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 work 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]
President & 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.