- 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.