BRIEF

on E2Gold Inc. (isin : CA26932P1027)

E2Gold Inc. Updates on Upcoming Private Placement

E2Gold Inc. (TSXV:ETU.V) expects to finalize its previously announced private placement during the week of August 26, 2024. The offering will combine units priced at $0.02 each and flow-through units at $0.025 to raise up to $500,000. Each unit includes one common share and one warrant to purchase additional shares at $0.05 for 24 months. Each flow-through unit includes one “flow-through” common share and a warrant to buy shares at $0.06 for 24 months.

The company may offer a cash finder’s fee up to 7% of the gross proceeds and broker warrants totaling up to 7% of the units sold. Insiders may purchase up to 50% of the offering. The funds will support exploration at the Hawkins project targeting the McKinnon East Extension, as well as general corporate purposes. Closing conditions include approval from the TSX Venture Exchange.

Further details can be found in prior press releases dated June 12 and July 24, 2024, available on SEDAR+.

R. H.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all E2Gold Inc. news