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Evergold Announces Closing of $3.45 Million Initial Public Offering and Listing of Shares
TORONTO, Oct. 04, 2019 (GLOBE NEWSWIRE) -- Evergold Corp. (TSXV: EVER) (“Evergold” or the “Company”), is pleased to announce that it has completed an initial pu
About this update from Evergold Corp.
[{"type":"text","content":"TORONTO, Oct. 04, 2019 (GLOBE NEWSWIRE) -- Evergold Corp. (TSXV: EVER) (“Evergold” or the “Company”), is pleased to announce that it has completed an initial public offering (the “Offering”) of 17,250,000 units of the Company (“Units”) at a purchase price of $0.20 per Unit for gross proceeds of $3,450,000, which includes 2,250,000 Units issued on the full exercise of an over-allotment option granted to the agent for the Offering. Each Unit consists of one common share of the Corporation (each a “Common Share”) and one half of a Common Share purchase warrant (each whole warrant a “Warrant”). Each whole Warrant entitles the holder to purchase one Common Share for a period of 24 months from closing at a price of $0.25 per Common Share. The TSX Venture Exchange (“TSXV”) has accepted the listing of the Common Shares for trading on the TSXV at the opening of trading on Friday, October 4, 2019 under the stock symbol “EVER”. The ISIN and CUSIP numbers of the Common Shares are CA3001442019 and 300144201 respectively. “We are really pleased to have accomplished this over-subscribed $3.45 million initial public offering and attendant listing on the TSX Venture Exchange, and to be one of the very few mineral exploration companies to have recently successfully done so,” said Kevin M. Keough, Evergold President & CEO. “Our success in the face of considerable challenges economic and otherwise is a testament to the exceptional quality of our exploration projects, and our team of directors, officers and advisors. I would like in particular to thank C.J. (Charlie) Greig, with whom I’ve had the pleasure of working over several years on the blockbuster GT Gold / Saddle gold-copper exploration success elsewhere in B.C.’s Golden Triangle. By vending his four best properties to the Company, entirely for stock and a small royalty, he has shown considerable confidence in the Evergold concept and team. I would also like to thank Silver King Helicopters, geophysical contractors Peter E. Walcott & Associates, and drill-pad builders P&R Exploration Services, who have worked with us and executed key elements of our exploration programs this summer, including the construction of our crucial first drill pads at our exciting Snoball / Pyramid Peak and Snoball Ridge targets. Shareholders can view photos of these fi...