E2Gold Closes Financing
E2Gold Inc. (TSXV:ETU)(OTCQB:ETUGF) has successfully closed its previously announced private placement, raising gross proceeds of $386,450. The financing consisted of issuing 15,822,502 Units at C$0.02 per Unit and 2,800,000 flow-through units at $0.025 per FT Unit. Each Unit includes one common share and one purchase warrant, while FT Units comprise one 'flow-through' common share and one FT Warrant. The company plans to use the proceeds for exploration of its Hawkins project and general administrative purposes. Insiders purchased 8,322,502 Units, constituting a related party transaction. The offering is subject to TSX Venture Exchange approval.
E2Gold Inc. (TSXV:ETU)(OTCQB:ETUGF) ha chiuso con successo il suo collocamento privato precedentemente annunciato, raccogliendo proventi lordi di $386,450. Il finanziamento consisteva nell'emissione di 15,822,502 Unit a C$0.02 per Unit e di 2,800,000 unità flow-through a $0.025 per unità FT. Ogni Unit include un'azione comune e un warrant di acquisto, mentre le unità FT comprendono un'azione comune 'flow-through' e un FT Warrant. L'azienda prevede di utilizzare i proventi per l'esplorazione del suo progetto Hawkins e per scopi amministrativi generali. Gli insider hanno acquistato 8,322,502 Unit, costituendo una transazione tra parti correlate. L'offerta è soggetta all'approvazione della TSX Venture Exchange.
E2Gold Inc. (TSXV:ETU)(OTCQB:ETUGF) ha cerrado con éxito su colocación privada previamente anunciada, recaudando ingresos brutos de $386,450. El financiamiento consistió en la emisión de 15,822,502 Unidades a C$0.02 por Unidad y 2,800,000 unidades flow-through a $0.025 por unidad FT. Cada Unidad incluye una acción común y un warrant de compra, mientras que las Unidades FT comprenden una acción común 'flow-through' y un FT Warrant. La empresa planea utilizar los ingresos para la exploración de su proyecto Hawkins y para fines administrativos generales. Los insiders compraron 8,322,502 Unidades, constituyendo una transacción entre partes relacionadas. La oferta está sujeta a la aprobación de la TSX Venture Exchange.
E2Gold Inc. (TSXV:ETU)(OTCQB:ETUGF)는 이전에 발표된 사모 펀딩을 성공적으로 마감하고 총 수익 $386,450을 모금했습니다. 자금 조달은 15,822,502 유닛을 C$0.02에 발행하고 2,800,000 플로우스루 유닛을 $0.025에 발행하는 것으로 구성되었습니다. 각 유닛은 하나의 보통주와 하나의 매입 워런트를 포함하며, FT 유닛은 하나의 '플로우스루' 보통주와 하나의 FT 워런트로 구성됩니다. 회사는 이 수익금을 호킨스 프로젝트의 탐사와 일반 관리 목적으로 사용할 계획입니다. 내부자는 8,322,502 유닛을 구매했으며, 이는 관련 당사자 거래를 구성합니다. 이번 공모는 TSX 벤처 거래소의 승인에 따라야 합니다.
E2Gold Inc. (TSXV:ETU)(OTCQB:ETUGF) a réussi à clore sa précédente émission privée annoncée, recueillant des produits bruts de 386 450 $. Le financement consistait à émettre 15 822 502 unités à 0,02 C$ par unité et 2 800 000 unités flow-through à 0,025 $ par unité FT. Chaque unité comprend une action ordinaire et un bon de souscription, tandis que les unités FT comprennent une action ordinaire 'flow-through' et un FT Warrant. La société prévoit d'utiliser les produits pour l'exploration de son projet Hawkins et pour des fins administratives générales. Des initiés ont acheté 8 322 502 unités, constituant ainsi une transaction entre parties liées. L'offre est soumise à l'approbation de la TSX Venture Exchange.
E2Gold Inc. (TSXV:ETU)(OTCQB:ETUGF) hat erfolgreich seine zuvor angekündigte Privatplatzierung abgeschlossen und brutto Erlöse von $386,450 erzielt. Die Finanzierung bestand aus der Ausgabe von 15,822,502 Einheiten zu C$0.02 pro Einheit und 2,800,000 Flow-Through-Einheiten zu $0.025 pro FT-Einheit. Jede Einheit umfasst eine Stammaktie und einen Kaufwarrant, während FT-Einheiten eine 'Flow-Through'-Stammaktie und einen FT-Warrant enthalten. Das Unternehmen plant, die Erlöse für die Erkundung seines Hawkins-Projekts und allgemeine Verwaltungsausgaben zu verwenden. Insidern haben 8,322,502 Einheiten erworben, was eine Transaktion zwischen verbundenen Parteien darstellt. Das Angebot unterliegt der Genehmigung der TSX Venture Exchange.
- Raised $386,450 in gross proceeds through private placement
- Funds to be used for exploration of Hawkins project
- Insider participation in the offering, showing confidence in the company
- Dilution of existing shareholders due to issuance of new shares and warrants
- Related party transaction may raise concerns about corporate governance
TORONTO, ON / ACCESSWIRE / August 27, 2024 / E2Gold Inc. (TSXV:ETU)(OTCQB:ETUGF) (the "Company" or "E2") is pleased to announce that it has closed its previously announced private placement (the "Offering") in which the Company has raised gross proceeds of
The aggregate financing consisted of the issuance of 15,822,502 units ("Units") priced at C
All securities issued and issuable pursuant to the Offering are subject to a statutory hold period expiring December 27, 2024. The Offering remains subject to the final approval of the TSX Venture Exchange. The Company intends to apply the gross proceeds from the Offering towards the exploration of its Hawkins project and for general and administrative purposes.
Insiders of the Company have purchased an aggregate of 8,322,502 Units in connection with the issuance. Accordingly, the Offering constitutes a related party transaction within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 Protection of Minority Security Holders ("MI 61-101") in Special Transactions. The Company is exempt from the minority shareholder approval and valuation requires of MI 61-101 pursuant to ss. 5.5(a) and 5.7(1)(a) thereof on the basis that the participation by insiders represents less than
Also in connection with the Offering, the Company issued an aggregate of 126,000broker warrants, each exercisable to acquire one Common Share at an exercise price of
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
FAQ
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