EnGold Announces Closing of Flow-Through Financing
EnGold Announces Closing of Flow-Through
Financing
VANCOUVER
,
Dec. 28, 2018
/CNW/ - David H. Brett, President & CEO, EnGold Mines Ltd., (TSX-
V: EGM, "EnGold" or the "Company") reports that the Company has closed the non-brokered private
placement that was announced on
December 17, 2018
. The Company has issued 2,003,572 Flow-
Through Units at
$0.14
per Flow-Through Unit for gross proceeds of
$280,500.08
(the "Offering").
Each Flow-Through Unit is comprised of one flow-through common share and one share purchase
warrant (a "Warrant"). Each Warrant is exercisable at
$0.20
per share for a period of one year. The
Company paid a 7% finder's fee
($14,000)
in connection with the sale of a portion of the Offering,
and issued 100,000 Finder's warrants exercisable at
$0.14
for one year. All securities issued are
subject to a hold period that will expire on
April 29, 2019
. The gross proceeds from the Offering will
be used for further exploration of the Company's
Lac La Hache
property in central BC.
About EnGold
EnGold (
www.engold.ca
) is focused on exploring its 100% owned mineral property located near the
town of
Lac La Hache
in BC's prolific Cariboo mining region. EnGold's corporate philosophy rests on
three interdependent pillars: Environment, Engagement and Gold. Through sound environmental
stewardship, commitment to transparent engagement with local communities, the Company is
dedicated to driving exceptional shareholder and stakeholder value by discovering and developing
mineral resources.
Engold Mines Ltd.
Per/
David Brett
, MBA
President & CEO
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.
SOURCE
Engold Mines Ltd.
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%SEDAR: 00007665E
For further information:
David Brett, 604-682-2421 or [email protected]
CO: Engold Mines Ltd.
CNW 16:05e 28-DEC-18