EnviroGold Global Announces the Upsizing of Its Unit Offering to Raise Up to $4 Million in Response to Investor Interest
EnviroGold Global (OTCQB: ESGLF) has announced an increase in its previously announced non-brokered private placement financing to raise up to CAD $4 million in gross proceeds due to increased investor interest. The offering consists of up to 4,000 units priced at CAD$1,000 per unit.
Each unit includes an unsecured convertible note with a principal amount of CAD$1,000 and 11,112 common share purchase warrants. The company, which specializes in technology enabling the mining industry to monetize metals from mine waste and tailings, maintains all other terms from its December 19, 2024 announcement.
EnviroGold Global (OTCQB: ESGLF) ha annunciato un aumento del finanziamento precedente di collocamento privato non riservato per raccogliere fino a 4 milioni di dollari canadesi in proventi lordi, a causa di un crescente interesse da parte degli investitori. L'offerta consiste in un massimo di 4.000 unità al prezzo di 1.000 CAD ciascuna.
Ogni unità include una nota convertibile non garantita con un importo principale di 1.000 CAD e 11.112 warrant per l'acquisto di azioni ordinarie. L'azienda, che si specializza in tecnologie che consentono all'industria mineraria di monetizzare i metalli dai rifiuti minerari e dai tailings, mantiene tutte le altre condizioni annunciate il 19 dicembre 2024.
EnviroGold Global (OTCQB: ESGLF) ha anunciado un incremento en su financiamiento de colocación privada no intermediada previamente anunciado, para recaudar hasta 4 millones de dólares canadienses en ingresos brutos debido al aumento del interés de los inversores. La oferta consiste en hasta 4.000 unidades valoradas en 1.000 CAD cada una.
Cada unidad incluye un bono convertible no garantizado con un monto principal de 1.000 CAD y 11.112 garantías para la compra de acciones ordinarias. La empresa, que se especializa en tecnología que permite a la industria minera monetizar metales de los desechos mineros y relaves, mantiene todos los demás términos de su anuncio del 19 de diciembre de 2024.
EnviroGold Global (OTCQB: ESGLF)은 증가된 투자자 관심으로 인해 이전에 발표된 비중개 사모펀드 자금을 4 백만 캐나다 달러까지 모금하기 위해 증액한다고 발표했습니다. 이번 공모는 1,000 CAD당 최대 4,000 단위로 구성되어 있습니다.
각 단위에는 1,000 CAD의 원금액이 있는 무담보 전환 사채와 11,112개의 보통주 매수 워런트가 포함되어 있습니다. 광산 산업이 광산 폐기물 및 잔여물로부터 금속을 수익화할 수 있도록 하는 기술을 전문으로 하는 이 회사는 2024년 12월 19일 발표된 다른 모든 조건을 유지합니다.
EnviroGold Global (OTCQB: ESGLF) a annoncé une augmentation de son financement de placement privé non négocié précédemment annoncé afin de lever jusqu'à 4 millions de dollars canadiens en produits bruts en raison d'un intérêt accru des investisseurs. L'offre se compose de jusqu'à 4 000 unités au prix de 1 000 CAD chacune.
Chaque unité comprend une note convertible non garantie d'un montant principal de 1 000 CAD et 11 112 bons de souscription d'actions ordinaires. L'entreprise, spécialisée dans la technologie permettant à l'industrie minière de monétiser les métaux provenant des déchets miniers et des résidus, conserve tous les autres termes de son annonce du 19 décembre 2024.
EnviroGold Global (OTCQB: ESGLF) hat eine Erhöhung seiner zuvor angekündigten nicht vermittelte Privatplatzierungsfinanzierung angekündigt, um bis zu 4 Millionen kanadische Dollar an Bruttoerlösen zu erzielen, aufgrund des gestiegenen Interesses der Investoren. Das Angebot besteht aus bis zu 4.000 Einheiten zum Preis von 1.000 CAD pro Einheit.
Jede Einheit umfasst eine unbesicherte wandelbare Anleihe mit einem Nennbetrag von 1.000 CAD und 11.112 Optionsscheinen zum Kauf von Stammaktien. Das Unternehmen, das sich auf Technologien spezialisiert hat, die der Bergbauindustrie helfen, Metalle aus Bergbauabfällen und Tailings zu monetarisieren, behält alle anderen Bedingungen aus seiner Ankündigung vom 19. Dezember 2024 bei.
- Increased financing size to CAD $4 million due to strong investor demand
- Successfully attracted additional investor interest for private placement
- Potential dilution for existing shareholders through convertible notes and warrants
- Additional debt burden through issuance of convertible notes
TORONTO, Jan. 10, 2025 (GLOBE NEWSWIRE) -- EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF | FSE: YGK) (“EnviroGold,” or the “Company”), a technology company enabling the global mining industry to monetize valuable metals contained in mine waste and tailings, reduce environmental liabilities and improve social and environmental outcomes, is pleased to announce that it has increased the size of its previously announced non-brokered private placement financing due to increased investor interest, to raise up to CAD
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. This press release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities described herein in the United States. The securities described in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About EnviroGold Global
EnviroGold Global is a technology company enabling the global mining industry to monetise valuable metals from mine waste and tailings and reduce environmental liabilities. EnviroGold’s proprietary technology is at the leading edge of demand for precious and critical metals and greater social demand for better environmental outcomes. The Company operates on a technology license fee model with low capex requirements and intends to establish itself as a leading global technology company focussed on shareholder value.
| CONTACTS: | ||
| EnviroGold Global | Investor Cubed | |
| David Cam, CEO | Neil Simon, CEO | |
| 416.842.9003 | 647-258-3310 | |
| ir@envirogoldglobal.com | nsimon@investor3.ca | |
Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of applicable securities laws, including, without limitation, earnings guidance, economic guidance, operational guidance and future capital spending amounts. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements pertaining to the use of funds from the Financing and the anticipated closing date of the Financing, and the Company’s ability to accelerate the world’s transition to a circular resource economy. Forward-looking information in this news release are based on certain assumptions and expected future events, namely: the Company’s ability to continue as a going concern; the continued commercial viability and growth in the clean technology and mining waste reprocessing industry; continued approval of the Company’s activities by the relevant governmental and/or regulatory authorities; the continued development of clean technology and mining waste reprocessing technology; and the continued growth of the Company. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the potential inability of the Company to continue as a going concern; the Company’s inability to accelerate the world’s transition to a circular resource economy, the risks associated with assessing metallurgical recovery rates from mine tailings and waste and related volumetric assessments, the risks associated with the mining and mining waste recycling industry in general; increased competition in the clean technology and waste reprocessing market; the potential unviability of the clean technology and mining waste reprocessing market; incorrect assessment of the value and potential benefits of various transactions; risks associated with potential governmental and/or regulatory action with respect to clean technology and mining waste reprocessing; risks associated with a potential collapse in the value of clean technology and waste reprocessing; and risks relating to the Company’s potential inability to expand its reprocessing pipeline.
Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
FAQ
What is the new size of EnviroGold Global's (ESGLF) private placement offering?
What does each unit in ESGLF's January 2024 private placement include?
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