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Energold Drilling Corp.

Published : December 23rd, 2010

Completes $17,250,000 "Bought Deal" Financing

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Energold Drilling Corp. Completes $17,250,000 "Bought Deal" Financing

 




VANCOUVER, BRITISH COLUMBIA - Energold Drilling Corp. (TSXV:EGD) (the "Company" or "Energold") is pleased to announce that it has completed its previously announced "bought deal" private placement financing (the "Offering"). A total of 4,662,162 units of the Company (the "Units") at a price of $3.70 per Unit for aggregate gross proceeds of $17,250,000 were issued pursuant to an underwriting agreement between the Company and each of Jennings Capital Inc., as the lead underwriter, Clarus Securities Inc., TD Securities Inc. and Beacon Securities Limited (collectively, the "Underwriters"). Each Unit consists of one common share and one half of one common share purchase warrant (each whole common share purchase warrant, a "Unit Warrant"). Each Unit Warrant is exercisable to acquire one common share of the Company at $4.50 per share until the date which is 24 months from the date hereof.

The Underwriters were paid a cash commission equal to 6.0% of the aggregate gross proceeds of the Offering. The Underwriters were also granted 279,729 non-transferable compensation options (the "Compensation Options"), equal to 6.0% of the Units sold pursuant to the Offering. Each Compensation Option entitles the holder to acquire one Unit at an exercise price of $3.70 during the 24 month period following the date hereof. All securities issued under the Offering are subject to a four-month hold period expiring on April 24, 2011.

The net proceeds of the Offering are intended to be used for accelerating the Company's aggressive organic growth with the purchase of new rigs for a fleet targeted to exceed 120 rigs by the end of 2011. This growth is predicated on dramatically increasing client demand for drilling services especially in Energold's primary industry segment. Funds are also to be allocated to assist the Company's strategy of adding accretive acquisitions to expand into new markets, conduct research and development and for working capital and general corporate purposes.

Energold Drilling Corp. is an environmentally and socially-sensitive diamond drilling company that services the international mining industry. Energold holds 6.9 million shares of IMPACT Silver Corp.

The securities have not been and will not be registered under the U.S. Securities Act of 1933 (the "1933 Act"), as amended, or under any state securities laws, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration under the 1933 Act or an applicable exemption from registration requirements. This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States.

On behalf of the Directors of Energold Drilling Corp.,


"Frederick W. Davidson"
President and Chief Executive Officer


For further information, please contact:
Sunny Pannu, Investor Relations
(604) 681-9501 or via email at
info@energold.com


The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release. Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to proposed activities, work programs and future expenditures. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the effects of general economic conditions, a reduction in the demand for the Company's drilling services, the price of commodities, changing foreign exchange rates, actions by government authorities, the failure to find economically viable acquisition targets, title matters, environmental matters, reliance on key personnel, the ability for operational and other reasons to complete proposed activities and work programs, the need for additional financing and the timing and amount of expenditures. Energold Drilling Corp. does not assume the obligation to update any forward-looking statement.

 

Energold Drilling Corp.

EXPLORATION STAGE
CODE : EGD.V
ISIN : CA29268A1030
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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.

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In the News and Medias of Energold Drilling Corp.
10/22/2007Growing Fast in a market of Excess Demand
Annual reports of Energold Drilling Corp.
2008 Annual report
Financings of Energold Drilling Corp.
7/25/2016Completes Private Placement for Gross Proceeds of Over $700,...
4/19/2016Energold has acquired ownership and control of 1,000,000 com...
3/22/2012Completes $20 Million Bought Deal Financing
7/25/2011Completes $10,000,000 Private Placement of Secured Convertib...
6/22/2011to Raise up to $10 Million Through a Convertible Debenture
7/16/2008Announces It Has Closed $100,000 Private Placement
6/18/2008Announces $100,000 Private Placement
5/15/2007Completes $15 Million Bought Deal Private Placement
4/27/2007Announces $12 Million Bought Deal Private Placement
Option Grants of Energold Drilling Corp.
12/29/2015Announces Stock Option Grant
9/30/2014Extends Stock Option Exercise Period
10/2/2009 1.200.000 Stock Options Granted
11/12/2008Not Proceeding With The Grant Of Stock Options At This Time
9/19/2008Grants 998,000 Stock Options
5/3/2005Grants 1.000.000 stock options and bonus shares
2/25/2005Grants 1.000.000 stock options
4/29/2002Grant of 865.000 stock options
6/21/2001Grant of 1.310.000 stock options
6/14/2001Approval of Stock options plan
Financials of Energold Drilling Corp.
4/14/2016Announces Fourth Quarter & Fiscal 2015 Financial Results
8/27/2015The Energold Group Announces Second Quarter 2015 Financial R...
8/29/2013Announces Second Quarter 2013 Financial Results
8/29/2013Announces Second Quarter 2013 Financial Results
5/27/2013The Energold Group(R) Announces Record High First Quarter 20...
8/29/2012Reports Second Quarter 2012 Results
6/1/2012Announces 134,500 Metres Drilled in First Quarter 2012 and R...
11/30/2011Announces Strong Revenues Across All Business Divisions for...
8/30/2011Announces Net Earnings, Significant Growth, and Record Reven...
5/31/2011Announces Record Revenue And Increased Margins In First Quar...
11/27/2009Announces Third Quarter Results
8/28/2009Announces Second Quarter Results
5/29/2009Announces First Quarter Earnings
8/27/2008Announces Record Second Quarter Revenue And Profit
8/6/2008Announces A 41% Expansion Of Drill Fleet In The Second Quart...
5/28/2008Announces Record First Quarter Revenue And Profit
11/30/2007 Announces Record Third Quarter Results
8/27/2007Announces Second Quarter Results Including Record Production...
Project news of Energold Drilling Corp.
1/20/2014The Energold Drilling Group Amends Purchase Agreement of Ber...
4/17/2013Announces Water Drilling Joint Venture in Africa
8/21/2012Announces Multi-Year Energy Drilling Contracts
7/26/2011Announces Closing Of Acquisition Of Bertram International Co...
6/22/2011Announces Strategic Acquisition of Bertram International Cor...
Corporate news of Energold Drilling Corp.
7/25/2016Energold Drilling Completes Private Placement for Gross Proc...
7/6/2016Energold Drilling Corp. Completes $5,750,000 Public Offering
6/15/2016Energold Drilling Announces Public Offering
5/26/2016Energold Drilling Group Announces First Quarter 2016 Financi...
5/17/2016Energold Drilling Group to Hold First Quarter 2016 Results C...
4/19/2016Early Warning News Release
4/19/2016Early Warning New Release
4/14/2016Energold Drilling Group Announces Fourth Quarter & Fiscal 20...
3/31/2016Energold Drilling Group to Hold Fourth Quarter and Fiscal Ye...
12/29/2015Energold Drilling Announces Stock Option Grant
12/23/2015Energold Drilling Corp. Announces Appointment of New Indepen...
11/27/2015Energold Drilling Group Announces Third Quarter 2015 Financi...
9/8/2015Energold Drilling to Present at the 4th Annual Liolios Gatew...
8/13/2015Energold Drilling to Hold Second Quarter 2015 Results Confer...
6/22/2015Energold Drilling Corp. Announces Retirement of Board Member
4/13/2015Energold Drilling Group Announces Fourth Quarter & Fiscal 20...
3/27/2015Energold Drilling to Hold Fourth Quarter and Fiscal Year 201...
3/27/2015to Hold Fourth Quarter and Fiscal Year 2014 Results Conferen...
11/27/2014Energold Drilling Announces Third Quarter 2014 Results with ...
11/27/2014Energold Drilling Announces Third Quarter 2014 Results with ...
11/10/2014Energold Drilling Corp. To Hold Third Quarter 2014 Results C...
8/28/2014Energold Drilling Group Announces Second Quarter 2014 Financ...
8/15/2014Energold Drilling to Hold Second Quarter 2014 Results Confer...
8/6/20143rd Annual Gateway Conference to Feature Select Group of Can...
7/21/20143rd Annual Gateway Conference to Showcase More Than 60 High-...
7/11/2014S&P Dow Jones Indices Announces Quarterly Review of S&P/TSX ...
5/29/2014Energold Drilling Group Announces First Quarter 2014 Financi...
5/13/2014Energold Drilling to Hold First Quarter 2014 Results Confere...
4/15/2014Energold Drilling Corp. Appoints Corporate Secretary
4/10/2014Energold Drilling Group Announces 2013 Annual Financial Resu...
4/1/2014Energold Drilling to Hold Fourth Quarter & Fiscal Year 2013 ...
11/15/2013Honoured at HSBC International Business Awards
8/19/2013to Hold Second Quarter 2013 Results Conference Call on Augus...
7/25/2013The Energold Group(R) Announces New Energy Seismic Drilling ...
6/18/2013The Energold Group(R) Announces Capital Additions to Meet Ne...
5/17/2013to Hold First Quarter 2013 Results Conference Call on May 27...
4/9/2013Announces 2012 Annual Financial Results & Conference Call In...
7/30/2012Ranked 24th in the Annual PROFIT 200 Canada's Fastest Growin...
4/13/2012Mining Investment Night - Thursday, April 19th - Kelowna, BC...
4/10/2012Announces 2011 Year End Results and Record Revenues and Earn...
2/16/2012Named to the 2012 TSX Venture 50 and Hires a New Investor Re...
10/15/2011Stock Options Granted
8/5/2011Announces New Record Number of Meters Drilled on Second Quar...
6/3/2011Exhibiting at Cambridge Conference, Vancouver
5/16/2011Announces New Record Number of Meters Drilled in First Quart...
3/4/2011Announces New Record Number Of Meters Drilled
7/28/2010Announces Record Number Of Meters Drilled
4/9/2010Announces Year-End Results
3/8/2010Strategic Acquisition Of African Drilling Operation
2/9/2010Named To The 2010 TSX Venture 50
11/27/2008Announces Record Revenue And Meters Drilled
8/22/2008Announces Record Number Of Meters Drilled
6/20/2008Named To The 2008 TSX Venture 50
5/15/2008Announces A Further Record Number Of Metres Drilled And A 19...
5/5/2008 Announces Strategic Acquisition Of African Drilling Operati...
4/23/2008Announces Record Year-End Results Net Earnings Up 129% And N...
2/8/2008 Announces Record Number Of Metres Drilled And A 121% Expans...
11/14/2007 Announces Record Number Of Meters Drilled And A Further Exp...
10/3/2007Consolidates Control Over Drilling Operations
8/21/2007Announces Record Number Of Meters Drilled And Expansion Of D...
8/2/2007Announces Sale Of The La Parcela Concession
7/10/2007Increases Drill Fleet By 18%
4/20/2007Announces Record Year-End Results
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