Engineer GOLD Closes Tranche TWO of 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
For Immediate Release
ENGINEER GOLD
CLOSES TRANCHE TWO OF
PRIVATE PLACEMENT
Vancouver, B.C., August 6 , 2019. Engineer Gold Mines Ltd. (EAU: TSX -V) (“Engineer
Gold”, or the “Company”) announce s it has closed a second tranche of its private placement,
previously announced on June 5 and extended July 5, 2019. The Company also announces it has
extended the private placement to September 5, 2019.
The Company has raised $320,000 through the issuance of 3,200,000 units (“Units”) at a price of
$0.10 per Unit. Each Unit is 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 $0.15 per share for a period of 30 months. All securities a re
subject to a four month hold period. The Company paid $25,600 in cash commissions and issued
256,000 broker Units. This is in addition to $559,000 raised through the issuance of 5,590,000
units previously announced by the Company in a first tranche closing (see July 5, 2019 news
release). The proceeds will be used for the on-going Phase 1 exploration program at the Engineer
Gold Mine Property, 32 km west of Atlin in northern BC, and general working capital.
About Engineer Gold Mines Ltd.
Engineer Gold is a recently listed Company 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 a
small, Inferred high -grade gold Mineral Resource, numerous high -grade vein and shear -hosted
bulk-tonnage gold exploration targets and a modest, high -grade gold production opportunity.
Engineer Gold is fully permitted for surface and underground explorati on drilling, small- scale
test mining and on-site milling at the Engineer Gold Mine Property.
For additional information please visit the company website at www.engineergoldmines.com.
On behalf of the Board of Directors, For further information, please contact:
Mr. Brian P. Fowler, P.Geo. Nelson Da Silva
President and Director Manager Corporate Communications
[email protected] [email protected]
(604) 722-0041
2
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.