E2Gold Announces Kinross Intends To Maintain Its 9.9% Stake In Private Placement
E2Gold Inc. (TSXV:ETU)(OTCQB:ETUGF) has announced that Kinross Gold intends to maintain its 9.9% equity position in the company's recently announced financing. The closing date for the financing has been extended to August 15, 2024, with a target of $500,000 in gross proceeds. The private placement consists of HD Units priced at C$0.020 and Flow-Through Units at C$0.025. E2Gold plans to use the funds for its next drill program, which aims to expand the McKinnon Zone footprint, particularly by testing the McKinnon East Extension. This could potentially double the length of the gold zone along strike. The company's CEO, Eric Owens, expressed appreciation for shareholder support and confidence in the value of their activities.
E2Gold Inc. (TSXV:ETU)(OTCQB:ETUGF) ha annunciato che Kinross Gold intende mantenere la sua posizione azionaria del 9,9% nel recente finanziamento annunciato dall'azienda. La data di chiusura per il finanziamento è stata prolungata fino al 15 agosto 2024, con un obiettivo di $500,000 di proventi lordi. Il collocamento privato consiste in HD Units prezzati a C$0.020 e Flow-Through Units a C$0.025. E2Gold prevede di utilizzare i fondi per il suo prossimo programma di perforazione, che mira a espandere l'area della zona McKinnon, in particolare testando l'estensione est di McKinnon. Questo potrebbe potenzialmente raddoppiare la lunghezza della zona aurifera lungo la strike. L'amministratore delegato dell'azienda, Eric Owens, ha espresso apprezzamento per il supporto degli azionisti e la fiducia nel valore delle loro attività.
E2Gold Inc. (TSXV:ETU)(OTCQB:ETUGF) ha anunciado que Kinross Gold tiene la intención de mantener su posición del 9.9% en acciones en el reciente financiamiento anunciado por la compañía. La fecha de cierre para el financiamiento se ha extendido hasta el 15 de agosto de 2024, con un objetivo de $500,000 en ingresos brutos. La colocación privada consiste en HD Units con un precio de C$0.020 y Flow-Through Units a C$0.025. E2Gold planea utilizar los fondos para su próximo programa de perforación, que tiene como objetivo ampliar el área de la zona McKinnon, especialmente probando la extensión este de McKinnon. Esto podría potencialmente duplicar la longitud de la zona de oro a lo largo de la línea de golpe. El CEO de la compañía, Eric Owens, expresó su agradecimiento por el apoyo de los accionistas y la confianza en el valor de sus actividades.
E2Gold Inc. (TSXV:ETU)(OTCQB:ETUGF)는 Kinross Gold가 회사의 최근 발표된 자금 조달에서 9.9%의 지분을 유지할 것이라고 의도하고 있다고 발표했습니다. 자금 조달 마감일은 2024년 8월 15일로 연장되었습니다, 총 $500,000의 수익을 목표로 합니다. 사모 배치는 C$0.020로 가격이 책정된 HD Units와 C$0.025로 가격이 책정된 Flow-Through Units로 구성됩니다. E2Gold는 다음 드릴 프로그램을 위해 자금을 사용할 계획이며, 이는 McKinnon Zone의 영역을 확장하는 것을 목표로 하며, 특히 McKinnon East Extension을 테스트하는 것입니다. 이는 채굴 구역의 길이를 두 배로 늘릴 수 있습니다. 회사의 CEO인 Eric Owens는 주주들의 지지와 그들의 활동의 가치에 대한 신뢰에 감사의 뜻을 표했습니다.
E2Gold Inc. (TSXV:ETU)(OTCQB:ETUGF) a annoncé que Kinross Gold a l'intention de maintenir sa position d'équité de 9,9% dans le financement récemment annoncé de l'entreprise. La date de clôture pour le financement a été prolongée jusqu'au 15 août 2024, avec un objectif de 500 000 $ de revenus bruts. Le placement privé se compose d'unités HD au prix de C$0,020 et d'unités Flow-Through à C$0,025. E2Gold prévoit d'utiliser les fonds pour son prochain programme de forage, qui vise à étendre l'empreinte de la zone McKinnon, notamment en testant l'extension est de McKinnon. Cela pourrait potentiellement doubler la longueur de la zone aurifère le long de la direction. Le PDG de l'entreprise, Eric Owens, a exprimé sa reconnaissance pour le soutien des actionnaires et la confiance dans la valeur de leurs activités.
E2Gold Inc. (TSXV:ETU)(OTCQB:ETUGF) hat bekannt gegeben, dass Kinross Gold beabsichtigt, seine Aktienposition von 9,9% im kürzlich angekündigten Finanzierungsprojekt des Unternehmens aufrechtzuerhalten. Das Abschlussdatum für die Finanzierung wurde auf 15. August 2024 verlängert, mit einem Ziel von 500.000 USD an Bruttoeinnahmen. Die Privatplatzierung besteht aus HD Units zum Preis von C$0.020 und Flow-Through Units zu C$0.025. E2Gold plant, die Mittel für sein nächstes Bohrprogramm zu verwenden, das darauf abzielt, die McKinnon Zone zu erweitern, insbesondere durch die Prüfung der McKinnon East Extension. Dies könnte potenziell die Länge der Goldzone entlang der Strike verdoppeln. Der CEO des Unternehmens, Eric Owens, drückte seine Wertschätzung für die Unterstützung und das Vertrauen der Aktionäre in den Wert ihrer Aktivitäten aus.
- Kinross Gold maintaining its 9.9% equity position in E2Gold
- Planned drill program to potentially expand McKinnon Zone Inferred Resource
- Potential to double the length of the gold zone along strike with McKinnon East Extension drilling
- Extension of financing closing date, possibly indicating slower than expected capital raising
- Relatively small financing amount of $500,000 gross proceeds
TORONTO, ON / ACCESSWIRE / July 24, 2024 / E2Gold Inc. (TSXV:ETU)(OTCQB:ETUGF) is pleased to report that Kinross Gold intends to maintain its
Eric Owens, President and CEO, stated, "We appreciate the continued support of our shareholders, which reflects the value of our activities." Dr. Owens added, "Our next drill program is intended show significant growth of the McKinnon Zone footprint."
E2Gold has been focused on developing new targets in order to grow the McKinnon Zone Inferred Resource.1 The program will specifically test the never-before-drilled McKinnon East Extension, which could effectively double the length of the gold zone along strike.
The equity private placement consists of a combination of units ("HD Units"), priced at C
For the financing, each HD Unit will consist one common share of the Company plus one common share purchase warrant to acquire one additional common share at a price of C
ABOUT E2GOLD INC.
E2Gold Inc. is a Canadian gold exploration company with a large flagship property, the 80 km long Hawkins Gold Project in north-central Ontario, about 140 km east of the Hemlo Gold Mine, and 75 km north of the Magino and Island Gold Mines. The property is anchored by the McKinnon Zone Inferred Resource of 6.2 Mt grading 1.65 Au g/t, for 328,800 ounces of gold.1 E2Gold is committed to increasing shareholder value through discoveries at Hawkins.
Note 1: NI 43-101 Technical Report and Updated Mineral Resource Estimate on Hawkins Gold Project, Ontario, by P&E Mining Consultants, effective date September 10, 2020.
For further information please contact:
Jeff Pritchard
VP Corporate Development
info@e2gold.ca
+1 647 699 3340
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond the control of E2Gold, including with respect to the receipt of all regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
SOURCE: E2Gold Inc.
View the original press release on accesswire.com
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