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Evergold Announces C$6,000,000 Bought Private Placement Financing with a Lead Order from Palisades Goldcorp
Evergold Announces C$6,000,000 Bought Private Placement Financing with a Lead Order from ...
About this update from Evergold Corp.
[{"type":"text","content":"\n \n \n \n Evergold Announces C$6,000,000 Bought Private Placement Financing with a Lead Order from Palisades Goldcorp\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO\n \n THE UNITED STATES\n \n /\n \n \n \n \n TORONTO\n \n ,\n \n Feb. 1, 2021\n \n /CNW/ - Evergold Corp. (\"Evergold\" or the \"Company\") (TSXV: EVER) has accepted a bought deal financing with Canaccord Genuity Corp. acting as Underwriter (the \"Underwriter\"), under which the Underwriter has agreed to purchase on a bought deal basis\n \n $2,700,000\n \n hard dollar units (\"HD Units\") at a price of\n \n $0.20\n \n per Unit (\"HD Offering Price\") and\n \n $3,300,000\n \n flow-through dollar units (\"FT Units\") at a price of\n \n $0.22\n \n per Unit (\"FT Offering Price\"), for total gross proceeds of\n \n $6,000,000\n \n (\"Offering\"), with a lead order from Palisades Goldcorp Ltd. Each FT Unit shall consist of one common share of the Company and one-half of one transferable common share purchase warrant (each whole common share purchase warrant, a \"Warrant\"), each of which will qualify as a \"flow-through share\" (within the meaning of subsection 66(15) of the Income Tax Act (\n \n Canada\n \n ). Each HD Unit shall consist of one common share of the Company and one Warrant. Each Warrant will entitle the holder thereof to purchase one common share of the Company (a \"Warrant Share\") at an exercise price of\n \n C$0.30\n \n for a period of 3 years following the closing of the Offering.\n \n \n The Underwriter will have an option (the \"Underwriter Option\") to increase the size of the Offering by up to\n \n C$700,000\n \n , in FT Units at the FT Offering Price, which Underwriter Option is exercisable, in whole or in part, up to 48 hours prior to the closing of the Offering.\n \n \n \"We are delighted to have the strong support of Palisades, a new inves...