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Energold Announces $100,000 Private Placement
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Energold Drilling Corp. ("Energold") announces that it will complete,
subject to regulatory approval, a non-brokered private placement of
23,529 shares at $4.25 per share for total proceeds of $100,000. The
private placement is a "related party transaction" as defined under
Multilateral Instrument 61-101 as the sole placee in the private
placement is a director of Energold. However, the transaction is
exempt from the application of MI 61-101 because the shares to be
issued represent less than 25% of the market capitalization of
Energold. Subject to receipt of the approval of the TSX Venture
Exchange to the transaction, the transaction may close before 21 days
following the filing of the material change report respecting this
announcement, if management determines it is necessary or desirable for
sound business reasons.
The proceeds of the private placement will be applied to working
capital.
Energold Drilling Corp. is an environmentally and socially sensitive
diamond drilling company that services the mining industry.
On behalf of the Directors of Energold Drilling Corp.,
"Frederick W. Davidson"
President, CEO
For further information, please contact:
Darrell Rader - Corporate Development
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this news release.
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Copyright (c) 2008 ENERGOLD DRILLING CORP. (EGD) All rights reserved.
For more information visit our website at http://www.energold.com/ or
send mailto:info@energold.com
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Energold Drilling Corp.
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EXPLORATION STAGE |
CODE : EGD.V |
ISIN : CA29268A1030 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Energold Drilling is based in Canada. Energold Drilling holds various exploration projects in Dominican Republic. Its main exploration properties are SAN ANTONIO PROJECT, LONGYEAR and EL CENTENARIO (EL HIGO) in Dominican Republic. Energold Drilling is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 2.5 millions as of today (US$ 1.9 millions, € 1.7 millions). Its stock quote reached its highest recent level on March 09, 2012 at CA$ 5.68, and its lowest recent point on August 16, 2019 at CA$ 0.04. Energold Drilling has 54 660 000 shares outstanding. |