EGR Exploration Receives Shares from Urban Barry Option Agreement

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[{"type":"text","content":"EGR Exploration Receives Shares from Urban Barry Option Agreement\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, BC, December 17,\n2024\n \n\n –\n \n\n TheNewswire -\n \n\n EGR Exploration Ltd.\n \n\n (TSX-V:EGR)\n \n (\"\n \n EGR\n \n \" or the \"\n \n Company\n \n \") is pleased to\nannounce that it has received 500,000 common shares (the “\n \n Shares\n \n ”) of Harvest Gold\nCorporation (“\n \n Harvest\n \n ”)\npursuant to a mineral property option agreement (the “\n \n Option Agreement\n \n ”) entered into\nwith Harvest on December 19, 2023, with respect to the Urban Barry\nproperty (“\n \n Urban Barry\n \n ”).\nThe issuance of the Shares represents the second payment required\npursuant to the Option Agreement.  The Shares were issued at a deemed\nprice of $0.035 per share.\n \n\n\n Private Placement Update\n \n\n\n\n EGR is continuing its efforts to raise $750,000 in a\ncombination of Hard Dollar Units at $0.05 and Flow-Through Shares at\n$0.06. The Hard Dollar Units\n \n consist of one common share of the\nCompany (each, a \"\n \n Common\nShare\n \n \") and one half of one Common Share purchase warrant\n(each whole warrant, a \"\n \n Warrant\n \n \"). Each Warrant will be exercisable by the\nholder thereof to acquire one Common Share (a \"\n \n Warrant Share\n \n \") at a price of\nC$0.10 for a period of 24 months following the closing date of the\nOffering.\n \n The placement is anticipated to close by the\nend of the year.\n \n\n\n The proceeds from the sale of Flow-Through Shares will be used to fund\nthis winter's Reverse Circulation (RC) drill program on the Detour\nWest property. The planned RC holes are permitted to drill three\nfences. In addition to the exploration, proceeds from the Units\nprivate placement will be used for corporate working capital.\n \n\n\n CEO Comment\n \n\n\n Daniel Rodriguez CEO & Director, commented: \"We are pleased\nwith the work that Harvest continues to do on the Urban Barry\nproperty. We continue to be supportive shareholders and wish them\ngreat success in their exploration efforts. This is the second payment\nof shares EGR has received and there is one final tranche next\nDecember.”\n \n\n “We continue to push to get the financing done so that we can get\nout in the field this wi...

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