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Category Archives: Evergold Inc

Evergold Announces Closing of Previously Upsized C$8,000,000 Bought Deal Private Placement Financing with a Lead Order from Palisades Goldcorp

Evergold Corp. (“Evergold” or the “Company”) (TSX-V: EVER) is pleased to announce that it has closed its previously announced and upsized bought deal private placement for total gross proceeds of C$8,000,000 (the “Offering”), with a lead order from Palisades Goldcorp Ltd. Under the Offering, a total of 17,500,000 units (the “HD Units”) were sold at a price of C$0.20 per HD Unit for gross proceeds of C$3,500,000 and 20,454,546 flow-through units (the “FT Units” and, together with the HD Units, the “Offered Units”) were sold at a price of C$0.22 per FT Unit for gross proceeds of C$4,500,000. Each FT Unit is comprised of one common share in the capital of the Company (each a “Common Share”) and one-half of one transferable Common Share purchase warrant (each whole Common Share purchase warrant, a “Warrant”), each of which will qualify as a “flow-through share” (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”). Each HD Unit is comprised of one Common Share and one Warrant. Each whole Warrant entitles the holder thereof to purchase one Common Share (a “Warrant Share”) at an exercise price of C$0.30 per Warrant Share for a period of 3 years following the closing of the Offering.
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Evergold Signs Definitive Agreement to Option the Rockland Gold-Silver Property, Nevada

Evergold Corp. (TSX-V: EVER, OTC: EVGUF, WKN: A2PTHZ) (“Evergold” or the “Company”) is pleased to announce, further to its news release dated January 11, 2021, in connection with the signing of a Letter Agreement, that it has now entered into a Definitive Agreement with vendor Enigma Resources LLC (“Enigma”), for an option to purchase the Rockland, Nevada gold-silver property (the “Rockland Property”). The terms of the Definitive Agreement remain the same as those of the Letter Agreement, details of which may be found in the January 11, 2021 news release. The aggregate consideration for the acquisition of the Rockland Property is comprised of: (i) USD$805,000 in cash, (ii) 500,000 common shares, and (iii) work commitments equal to USD$1,675,000, all payable in installments over a five-year term. At the election of the Company, the final cash installment of USD$500,000 may be paid in common shares at a price per share equal to the greater of USD$0.30 or the volume-weighted average price of the shares traded in the 20 days prior to the date of issuance, for a maximum of 1,666,666 shares.
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Evergold Announces Upsize to C$8,000,000 Bought Private Placement Financing with a Lead Order from Palisades Goldcorp

Evergold Corp. ("Evergold" or the "Company") (TSX-V: EVER) is pleased to announce that it has agreed with Canaccord Genuity Corp. acting as Underwriter (the "Underwriter"), to increase the previously announced bought deal financing by $2,000,000 for total gross proceeds of $8,000,000 ("Offering"), with a lead order from Palisades Goldcorp Ltd. The Underwriter has agreed to purchase on a bought deal basis, a total of 17,500,000 units (the "HD Units") at a price of $0.20 per Unit ("HD Offering Price") for gross proceeds of $3,500,000 and 20,454,546 flow-through units ("FT Units") at a price of $0.22 per Unit ("FT Offering Price") for gross proceeds of $4,500,000. As previously announced, each FT Unit shall consist of one common share of the Company and one-half of one transferable common share purchase warrant (each whole common share purchase warrant, a "Warrant"), each of which will qualify as a "flow-through share" (within the meaning of subsection 66(15) of the Income Tax Act (Canada). Each HD Unit shall consist of one common share of the Company and one Warrant. Each Warrant will entitle the holder thereof to purchase one common share of the Company (a "Warrant Share") at an exercise price of C$0.30 for a period of 3 years following the closing of the Offering.  The parties have agreed that the Underwriter's Option will be removed.
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Evergold Announces C$6,000,000 Bought Private Placement Financing with a Lead Order from Palisades Goldcorp

Evergold Corp. ("Evergold" or the "Company") (TSXV: EVER) has accepted a bought deal financing with Canaccord Genuity Corp. acting as Underwriter (the "Underwriter"), under which the Underwriter has agreed to purchase on a bought deal basis $2,700,000 hard dollar units ("HD Units") at a price of $0.20 per Unit ("HD Offering Price") and $3,300,000 flow-through dollar units ("FT Units") at a price of $0.22 per Unit ("FT Offering Price"), for total gross proceeds of $6,000,000 ("Offering"), with a lead order from Palisades Goldcorp Ltd. Each FT Unit shall consist of one common share of the Company and one-half of one transferable common share purchase warrant (each whole common share purchase warrant, a "Warrant"), each of which will qualify as a "flow-through share" (within the meaning of subsection 66(15) of the Income Tax Act (Canada). Each HD Unit shall consist of one common share of the Company and one Warrant. Each Warrant will entitle the holder thereof to purchase one common share of the Company (a "Warrant Share") at an exercise price of C$0.30 for a period of 3 years following the closing of the Offering. 
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