ACCESS Newswire
26 May 2023, 01:38 GMT+10
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA
TORONTO, ON / ACCESSWIRE / May 25, 2023 / E2Gold Inc. (TSXV:ETU) (the 'Company' or 'E2') is pleased to announce that it proposes to complete a private placement (the 'Offering') pursuant to which it will issue units ('Units') at a price of $0.035 per Unit, to raise aggregate gross proceeds of up to $68,750.
Each Unit will be comprised of one common share of the Company (a 'Common Share') and one Common Share purchase warrant (a 'Warrant'); with each whole Warrant exercisable to acquire one additional Common Share at a price of $0.07 for a period of 24 months from the date of issuance thereof.
The Offering remains subject to various closing conditions, including the approval of the TSX Venture Exchange. The Company intends to apply to arm's length activities related to the ongoing field season.
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 g/t Au, for 328,800 ounces of gold.2 E2Gold is committed to increasing shareholder value through the development of targets at Hawkins and future potential of the Band-Ore property.
For further information please contact:
Jeff Pritchard
Investor Relations
[email protected]
+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.
Get a daily dose of Canada Standard news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Canada Standard.
More InformationEVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...
BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...
DOVER, Delaware: California Governor Gavin Newsom has taken legal aim at Fox News, accusing the network of deliberately distorting...
FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...
TORONTO, Canada: Harvard University and the University of Toronto have created a backup plan to ensure Harvard graduate students continue...
Bengaluru (Karnataka) [India], July 2 (ANI): A two-person bench of Central Administrative Tribunal (CAT) observed Royal Challengers...
Bengaluru (Karnataka) [India], July 1 (ANI): After the Bengaluru stampede near the Chinnaswamy Stadium that claimed 11 lives and left...
Bulawayo [Zimbabwe], July 1 (ANI): Following his side's win over Zimbabwe in the first Test, South African skipper Keshav Maharaj hailed...
New Delhi [India], July 1 (ANI): The last two spots for the quarterfinals of the FIFA Club World Cup will be sealed by either Spanish...
Bengaluru (Karnataka) [India], July 1 (ANI): The Central Administrative Tribunal (CAT) on Tuesday stated that it was the Royal Challengers...
New Delhi [India] July 1 (ANI): Former England cricketer Andrew Flintoff has hailed England team head coach Brendon McCullum, saying...