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  • E2Gold Inc. (ETU) closed its private placement to raise gross proceeds of $2,531,216
  • The company issued 14,383,331 units for $0.06 per unit
  • The company also issued 6,629,285 flow-through units for $0.07 per unit and 14,166,667 special flow-through units for $0.085 per unit
  • E2Gold (ETU) was trading steady at $0.055 a share at 11:30am ET

E2Gold Inc. (ETU) has closed its private placement for gross proceeds of $2,531,216.

The company issued a total of 14,383,331 units at a price of $0.06 per unit.

The company also issued 6,629,285 flow-through units for $0.07 per unit and 14,166,667 special flow-through units for $0.085 per unit.

E2Gold’s President, Ellie Owens, called Kinross Gold’s (K) commitment an important validation of his company’s activities and projects.

“With drill planning at Band Ore and drill target development at Hawkins both underway, this financing puts E2 in an excellent position to capitalize on a rising market.”

E2Gold (ETU) was trading steady at $0.055 a share at 11:30am ET.

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