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Anton Novak and the Anton Novak Alter Ego Trust Issue Early Warning Report in Connection with EnGold Mines Ltd.
Vancouver, British Columbia--(Newsfile Corp. - July 31, 2024) -  Anton Novak Alter Ego Trust...
About this update from Engold Mines Ltd.
[{"type":"text","content":"\nAnton Novak and the Anton Novak Alter Ego Trust Issue Early Warning Report in Connection with EnGold Mines Ltd.Vancouver, British Columbia--(Newsfile Corp. - July 31, 2024) -  Anton Novak Alter Ego Trust (the \"Trust\") and Anton Novak (\"Novak\" and together with the Trust the \"Novak Parties\") announce today, that effective July 26, 2024 the Trust acquired 2,500,000 common shares (each, a \"Share\") and 2,500,000 common share purchase warrants (each, a \"Warrant\" and together with the acquired Shares the \"Securities\") of EnGold Mines Ltd. (the \"Company\") as a result of the subscription for 2,500,000 units of the Company (each, a \"Unit\") at a price of $0.08 per Unit, being a total purchase price of $200,000 in aggregate. Each Unit consisted of one Share and one Warrant, with each Warrant entitling the holder to purchase one Share at a price of $0.10 per Share for a period of two years. Novak is the sole trustee and beneficiary of the Trust. The Securities were acquired from treasury pursuant to a non-brokered private placement of the Company (the \"Offering\") and the Trust acquired them for investment purposes. Prior to the Offering the Novak Parties beneficially owned or exercised control or direction over 14,184,005 Shares and 2,000,000 warrants, representing approximately 38.14% of the issued and outstanding voting securities of the Company on a non-diluted basis and 41.3% of the issued and outstanding securities of the Company, assuming exercise of the 2,000,000 warrants held by the Novak Parties. Following the acquisition of the Shares and Warrants, the Novak Parties beneficially own or exercise control or direction over 16,684,005 Shares and 4,500,000 warrants (including the Warrants), representing approximately 40.51% of the issued and outstanding voting securities of the Company on a non-diluted basis and 45.37% of the issued and outstanding securities of the Company, assuming exercise of the 4,500,000 warrants held by the Novak Parties.The Novak Parties intend to evaluate their investment in the Issuer and to increase or decrease their security holdings from time to time as it may determine appropriate for investment purposes.Other than as herein disclosed, the Novak Parties do not have any plans that would result in any of the following: (a) the acquisition of additional securities of the Company, or t...