Total
0
Shares
Bullion Gold (TSXV:BGD) acquires Lichen Project, appoints new directors
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • EnGold (EGM) has closed a C$600,000 non-brokered flow-through financing
  • The company sold 12,000,000 flow-through units at $0.05 per unit
  • The company will use the proceeds to explore its 100-per-cent-owned Lac La Hache Copper-Gold Project in British Columbia
  • Two company insiders participated in the financing for aggregate subscriptions of 8,000,000 units
  • EnGold is a Vancouver-based copper, gold, silver and magnetite exploration company
  • EnGold (EGM) closed the day trading flat at $0.035 per share

EnGold (EGM) has closed a C$600,000 non-brokered flow-through financing.

The company sold 12,000,000 flow-through units at $0.05 per unit for proceeds of $600,000.

The units consist of one flow-through common share and one half of one warrant.

Each whole warrant entitles the holder to purchase one non-flow-through common share for $0.075 for a period of two years.

EnGold will use the proceeds to explore its 100-per-cent-owned Lac La Hache Copper-Gold Project in the Cariboo region of British Columbia.

Two company insiders participated in the financing for aggregate subscriptions of 8,000,000 units. This constitutes a related-party transaction.

David Brett, EnGold's President and CEO, commented,

"EnGold is looking forward to restarting exploration activities at Lac La Hache, with drilling expected to resume in the first half of June. With copper prices surging, our team is anxious to resume work."

EnGold is a Vancouver-based copper, gold, silver and magnetite exploration company.

EnGold (EGM) closed the day trading flat at $0.035 per share.

More From The Market Herald
Canadian Palladium (CSE:BULL) closes private placement

" Canadian Palladium (CSE:BULL) closes private placement

Canadian Palladium (BULL) has closed its non-brokered private placement raising aggregate gross proceeds of $715,000.
Aguila American Gold (TSXV:AGL) announces $0.6 million private placement

" Aguila American Gold (TSXV:AGL) announces $0.6 million private placement

Aguila American Gold (AGL) has announced a non-brokered private placement of up to C$0.6 million.
Bam Bam Resources (CSE:BBR) announces groundwork, drill pad completion

" Bam Bam Resources (CSE:BBR) announces groundwork, drill pad completion

Bam Bam Resources (BBR) has now completed 10 drill pads at its Majuba Hill Porphyry Copper Project.
Belgravia Hartford Capital - CEO, Mehdi Azodi. - The Market Herald Canada

" Belgravia Hartford (CSE:BLGV) sues Cartesian Capital affiliate

Belgravia Hartford (BLGV) has sued Cartesian Capital affiliate, PolyNatura Corporation, for US$12.2 million.