Engineer GOLD Mines Adds 100,000 Units to over Subscribed 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 MINES
ADDS 100,000 UNITS TO
OVER SUBSCRIBED PRIVATE PLACEMENT
Vancouver, B.C., September 9, 2019. Engineer Gold Mines Ltd. (EAU: TSX -V) (“Engineer
Gold”, or the “Company”) announces it has closed the private placement announced on June 5,
2019.
Further to the News Release of Friday September 6, 2019, an additional 100,000 units have been
added to the final numbers.
The Private Placement was closed over subscribed, raising a total of $1,314,320 through the
issuance of 13,143,200 units (“Units”) at a price of $0.10 per Unit. The final tranche raised
$435,320 through the issuance of 4,353,200 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 w arrant (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 o f 30 months. All securities are subject to a four month
hold period. For the final tranche t he Company paid $ 17,760 in cash commis sions and issued
177,600 broker Units. The proceeds will be used for the on-going Phase 1 exploration program at
the Enginee r 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 P roperty, centered on the Historic high -grade
Engineer Gold Mine situated 32 km southwest of Atlin, B.C. Previou s 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 exploration 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.
2
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
Cautionary Note Regarding Forward-Looking Statements
Neither TSX Venture Exchange nor its Regulation Services Provide r (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 achiev ements 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) acce pts responsibility for the adequacy or accuracy
of this release.