Evergold Corp. (EVER.V)
| Previous Close | 0.3650 |
| Open | 0.3550 |
| Bid | 0.3550 x N/A |
| Ask | 0.3750 x N/A |
| Day's Range | 0.3500 - 0.3750 |
| 52 Week Range | 0.1700 - 0.9500 |
| Volume | 33,591 |
| Avg. Volume | 99,788 |
| Market Cap | 11.322M |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.0980 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- GlobeNewswire
Evergold Exceeds Targeted Hard Dollar Raise with Closing of 1st Tranche of Financing for Proceeds of $1.28 Million; Plans 2nd Tranche Sourced from Major Flow-Through Funds for Closing in Near Future, Following Exploration News
TORONTO, Sept. 22, 2020 (GLOBE NEWSWIRE) -- Evergold Corp. (TSX-V: EVER, OTC: EVGUF, FRA: 5EG) (“Evergold” or the “Company”) is pleased to announce the Company has completed the first tranche (“First Tranche”) of its previously announced (see news, August 28) non-brokered private placement (“the Offering”), which was primarily targeted at hard dollar investors, and exceeded it’s targeted sale of hard dollar units (“Units”). Because most institutional flow-through funds have depleted their capital by September, and several of these funds have indicated a desire to invest in the Company upon replenishing their reserves in early October, the Company intends to complete a second tranche (“Second Tranche”) involving several of these funds, thereafter. Prior to completing this second tranche, the Company will first receive back from the lab, evaluate, and then release assay results for the recently completed Phase 1 drill program at the Company’s Golden Lion project, and any remaining significant assay results from its recently completed Phase 1 drill program at the Company’s Snoball project. The First Tranche targeted the sale of a minimum $1 million in hard dollar units. It closed with the sale of 2,173,600 hard dollar units to a fund and retail investors for gross hard dollar proceeds of $1,086,800, plus the sale of 325,000 flow-through shares, all to retail investors, for gross flow-through proceeds of $195,000. Gross proceeds, hard dollars and flow-through combined, amounted to $1,281,800. It is expected that the second and final tranche will close in the near future.“We are pleased to have exceeded our hard dollar objectives, and to have received guidance from several major funds that they wish to invest in our second tranche, subject to terms,” said Kevin Keough, President & CEO. “In the near term we will focus on the exciting work of assessing and releasing assay results from drilling at our GL1 “Main” prospect. On September 9 we completed an extensive induced polarization (“IP”) geophysical survey over the target area which defined a resistivity and chargeability anomaly encompassing hundreds of metres of strike length, broad widths, and untested down-dip potential. The significance of these geophysical results is that the target is now considerably larger than previously understood, and drilling to date appears to be only testing its edge. We look forward to integrating the pending drill assay results with the new geophysical data as we plan for a Phase 2 follow-up drill program in the next (2020) field season.”Investors may view a video presentation by the CEO, presented to the Metals Investor Forum on September 10 at: https://www.evergoldcorp.ca/investors/media/. The latter half of this presentation deals specifically with the aforementioned geophysical anomaly and its spatial relationship to drilling.All securities issued and issuable pursuant to the Offering will be subject to a hold period of four months and one day from the date of issuance. Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including approval of the TSX Venture Exchange (the ''Exchange'') and applicable securities regulatory authorities. In connection with the First Tranche, the Company has agreed to pay a commission of an aggregate of 89,852 Warrants and $46,801 to eligible finders in accordance with the policies of the Exchange.This news release does not constitute an offer to sell or a solicitation of an offer to sell of any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.About EvergoldEvergold Corp. has been assembled by a team with a record of recent success in British Columbia, combining four 100%-owned properties in prime geological real estate from one of BC’s best-known geologists, C.J. (Charlie) Greig, with seasoned management and a qualified board. The Company’s flagship assets consist of the 3,545 hectare Snoball property, located in the heart of BC’s famed Golden Triangle only 12 kilometres off highway 37, where the Company believes it has located the source of a large, strong gold-silver anomaly up-slope of previous work, and the 5,099 hectare Golden Lion property, located well to the east of Snoball in similar Stikine terrane rocks, at the north end of the Toodoggone region, where multiple strong gold-silver-copper targets have been outlined.For additional information, please contact:Kevin M. Keough President and CEO Tel: (613) 622-1916 www.evergoldcorp.ca kevin.keough@evergoldcorp.ca 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 news release.Cautionary Statement Regarding Forward-Looking InformationThis news release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
- GlobeNewswire
Evergold Amends Previously Announced $3.5 Million Private Placement Financing to Enable Participation by Existing Shareholders
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES TORONTO, Aug. 28, 2020 (GLOBE NEWSWIRE) -- Evergold Corp. ("Evergold" or the "Company") (TSX-V: EVER, OTC: EVGUF, FRA: 5EG) is pleased to announce, further to shareholder inquiries, that it has amended the $3.5 million non-brokered private placement financing (the “Offering”) announced on August 26, 2020, to allow for participation by existing shareholders under the “Existing Shareholder Exemption” as described below. The Company also announces a change in price of the flow-through shares (“FT Shares”) component of the Offering to $0.60 per FT Share.“We’re happy to extend the Offering to existing shareholders using this mechanism, as it makes the financing more democratic,” said Kevin Keough, President and CEO. “We appreciate their continued support.”The Offering is composed of hard dollar units (“HD Units”) at a price of $0.50 per Unit and flow-through shares (“FT Shares”) at a price of $0.60 per FT Share. Each HD Unit is composed of one common share in the capital of the Company (“Common Share”) and one-half of one Common Share purchase warrant (“Warrant”). Each whole Warrant entitles the holder to purchase one Common Share within 24 months from the date of issuance at a price of $0.60 per Common Share if exercised in the first 12 months and $0.70 per Common Share if exercised in the second 12 months. Each FT Share is composed of one Common Share issued on a flow-through basis within the meaning of the Income Tax Act (Canada) (the “Tax Act”).The Offering is available to accredited investors as well as all shareholders of record of the Company as at August 26, 2020 (the "Record Date") resident in Canada who are eligible to participate under the exemption from prospectus requirements set out in applicable instruments of Canadian Securities Administrators (the “Existing Shareholder Exemption”) and who continue to be shareholders of the Company immediately prior to the closing of the Offering.Subscribers proposing to purchase HD Units or FT Shares under the Existing Shareholder Exemption may not purchase more than $15,000 in value of securities pursuant to the exemption in any twelve month period unless such subscriber has obtained 'suitability advice' from a registered investment dealer, as such term is used in applicable instruments of Canadian Securities Administrators.If the Offering is over-subscribed, it is possible that a shareholder's subscription may not be accepted by the Company even though it is received. Additionally, in the event of an imbalance of large subscriptions compared to smaller subscriptions management of the Company reserves the right in its discretion to reduce large subscriptions in favour of smaller shareholder subscriptions. There is no minimum amount that will be required to be raised pursuant to the Existing Shareholder Exemption portion of the Offering.Any person who becomes a shareholder of the Company after the Record Date is not permitted to participate in the Offering using the Existing Shareholder Exemption but other exemptions may still be available to them. Shareholders who became shareholders after the Record Date should consult their professional advisors when completing their subscription form to ensure that they use the correct exemption.Those interested in participating in the Offering should contact the Company as noted below. Information on the Company is reported in the Company’s public documents filed on SEDAR. There are no undisclosed material facts or material changes in respect of the Company.This news release does not constitute an offer to sell or a solicitation of an offer to sell of any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.About EvergoldEvergold Corp. has been assembled by a team with a record of recent success in British Columbia, combining four 100%-owned properties in prime geological real estate from one of BC’s best-known geologists, C.J. (Charlie) Greig, with seasoned management and a qualified board. The Company’s flagship assets consist of the 3,545 hectare Snoball property, located in the heart of BC’s famed Golden Triangle only 12 kilometres off highway 37, where the Company believes it has located the source of a large, strong gold-silver anomaly up-slope of previous work, and the 5,099 hectare Golden Lion property, located well to the east of Snoball in similar Stikine terrane rocks, at the north end of the Toodoggone region, where multiple strong gold-silver-copper targets have been outlined.For additional information, please contact:Kevin M. Keough President and CEO Tel: (613) 622-1916 www.evergoldcorp.ca kevin.keough@evergoldcorp.caNeither 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 news release.Cautionary Statement Regarding Forward-Looking InformationThis news release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Offering, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to the inability to complete the Offering on the terms as announced or at all, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
- GlobeNewswire
Evergold Announces $3.5 Million Private Placement Financing
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES TORONTO, Aug. 26, 2020 (GLOBE NEWSWIRE) -- Evergold Corp. ("Evergold" or the "Company") (TSX-V: EVER) is pleased to announce a proposed non-brokered private placement financing (the “Offering”) for gross proceeds of up to $3,500,000, composed of hard dollar units (“HD Units”) at a price of $0.50 per Unit and flow-through shares (“FT Shares”) at a price of $0.70 per FT Share. Each HD Unit shall be composed of one common share in the capital of the Company (“Common Share”) and one-half of one Common Share purchase warrant (“Warrant”). Each whole Warrant shall entitle the holder to purchase one Common Share within 24 months from the date of issuance at a price of $0.60 per Common Share if exercised in the first 12 months and $0.70 per Common Share if exercised in the second 12 months. Each FT Share shall be composed of one Common Share issued on a flow-through basis within the meaning of the Income Tax Act (Canada) (the “Tax Act”).“We welcome finders on this deal and believe we have strong developing prospects at both our flagship properties Snoball and Golden Lion, where we’ve recently executed Phase 1 drilling programs to good effect,” said Kevin Keough, President and CEO. “Now we wish to get underway on our Phase 2 work. At Snoball, as per our August 18 news release, we’re in the very early stages of unfolding a potentially very exciting, high-grade, gold-silver vein system discovery in the heart of the Golden Triangle. We need to get new pads built in September while the weather is reasonably good, so we can continue drilling. At Golden Lion, where drilling is still underway, we’re strongly encouraged by broad intercepts of epithermal style veining and alteration at the GL1 ‘Main’ zone, and the potential identified by our geophysical programs for nearby mineralized intrusions. If possible, we’d like to be drilling out into October at Golden Lion.”Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange (the ''Exchange'') and applicable securities regulatory authorities. All securities issued and issuable pursuant to the Offering will be subject to a hold period of four months and one day after the date of issuance. In connection with the Offering, the Company may pay commissions to eligible persons in accordance with the policies of the Exchange.The proceeds raised from the sale of FT Shares will be used to incur “Canadian exploration expenses” that are “flow-through mining expenditures” (as such terms are defined in the Tax Act) on the Company’s flagship Snoball and Golden Lion properties (the “Properties”) in northern British Columbia, Canada. The proceeds raised from the sale of HD Units will be used for general working capital purposes and for exploration on the Properties.This news release does not constitute an offer to sell or a solicitation of an offer to sell of any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.About EvergoldEvergold Corp. has been assembled by a team with a record of recent success in British Columbia, combining four 100%-owned properties in prime geological real estate from one of BC’s best-known geologists, C.J. (Charlie) Greig, with seasoned management and a qualified board. The Company’s flagship assets consist of the 3,545 hectare Snoball property, located in the heart of BC’s famed Golden Triangle only 12 kilometres off highway 37, where the Company believes it has located the source of a large, strong gold-silver anomaly up-slope of previous work, and the 5,099 hectare Golden Lion property, located well to the east of Snoball in similar Stikine terrane rocks, at the north end of the Toodoggone region, where multiple strong gold-silver-copper targets have been outlined.For additional information, please contact:Kevin M. Keough President and CEO Tel: (613) 622-1916 www.evergoldcorp.ca kevin.keough@evergoldcorp.caNeither 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 news release.Cautionary Statement Regarding Forward-Looking InformationThis news release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Offering, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
