VANCOUVER, Dec. 28, 2018 /CNW/ - David H. Brett,
President & CEO, EnGold Mines Ltd., (TSX-V: EGM, "EnGold" or
the "Company") reports that the Company has closed the
non-brokered private placement that was announced on December 17, 2018. The Company has issued
2,003,572 Flow-Through Units at $0.14
per Flow-Through Unit for gross proceeds of $280,500.08 (the "Offering"). Each Flow-Through
Unit is comprised of one flow-through common share and one share
purchase warrant (a "Warrant"). Each Warrant is exercisable at
$0.20 per share for a period of one
year. The Company paid a 7% finder's fee ($14,000) in connection with the sale of a
portion of the Offering, and issued 100,000 Finder's warrants
exercisable at $0.14 for one year.
All securities issued are subject to a hold period that will expire
on April 29, 2019. The gross proceeds
from the Offering will be used for further exploration of the
Company's Lac La Hache property in
central BC.
About EnGold
EnGold (www.engold.ca) is focused on exploring its 100% owned
mineral property located near the town of Lac La Hache in BC's prolific Cariboo mining
region. EnGold's corporate philosophy rests on three interdependent
pillars: Environment, Engagement and Gold. Through sound
environmental stewardship, commitment to transparent engagement
with local communities, the Company is dedicated to driving
exceptional shareholder and stakeholder value by discovering and
developing mineral resources.
Engold Mines Ltd.
Per/
David Brett, MBA
President & CEO
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Engold Mines Ltd.
