ACCESSWIRE
26 May 2023, 06:08 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
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.
Get a daily dose of BC Post 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 BC Post.
More InformationWARSAW, Poland: As part of European Union (EU) sanctions imposed against Russia over its invasion of Ukraine, Poland banned all ...
MONTGOMERY, Alabama: Last week, Alabama's school chief, Superintendent Eric Mackey, said that under new reading benchmarks to move to fourth ...
WASHINGTON D.C.: Last week, the Federal Reserve said its losses surpassed the US$100 billion mark and will likely continue to ...
ARLINGTON, Virginia: This week, the U.S. State Department approved the potential sale of drone-related munitions and other systems to Canada ...
BETHESDA, Maryland: This week, the US National Institutes of Health (NIH) said that it started early-stage human trials on FluMos-v2, ...
MAUI, Hawaii: Hawaii Governor Josh Green has announced that the death toll from last month's deadly fire on Maui has ...
Mumbai (Maharashtra) [India], September 21 (ANI): Shah Rukh Khan is the man of the moment after delivering the blockbuster 'Jawan' ...
(Photo credit: Brad Penner-USA TODAY Sports) A week ago, the Toronto Blue Jays reached a low point in the midst ...
Munich [Germany], September 21 (ANI): German club Bayern Munich beat Manchester United by 4-3 in the UEFA Champions League (UCL) ...
Johannesburg [South Africa], September 21 (ANI): South African bowlers Anrich Nortje and Sisanda Magala have been ruled out of the ...
(Photo credit: Jeff Le-USA TODAY Sports) The Milwaukee Brewers are trying to keep an even keel as they edge closer ...
(Photo credit: Scott Taetsch-USA TODAY Sports) With only nine games remaining in their pursuit of first place in the American ...