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Tag Archives: Evergold

Evergold Options the Rockland Gold-Silver Property, Nevada

Evergold Corp. (TSX-V: EVER, OTC: EVGUF, WKN: A2DVQM) (“Evergold” or the “Company”) is pleased to announce that it has signed a Letter Agreement for an option to purchase the Rockland property, including the past-producing Rockland Mine and adjacent exploration claims, located in the Walker Lane geological belt, Nevada, from Enigma Resources LLC (“Enigma”). As reflected in the significant historical intercepts cited below, the property hosts known zones of high-grade and bulk-tonnage style gold-silver mineralization that are open for further expansion and that the Company believes it can grow, and add to, with new discoveries. Completion of the acquisition of the option (the “Transaction”) is subject to receipt of all necessary approvals, including the approval of the TSX Venture Exchange.
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Evergold Opts to Close Off its Previously Announced Private Placement Financing at a Single Tranche, Pending Exploration News and a Subsequent Financing, to be Announced

Evergold Corp. (TSX-V: EVER, OTC: EVGUF, FRA: 5EG) (“Evergold” or the “Company”). As announced on October 9, the Company had chosen to await initial assays from drilling this summer at the Company’s promising GL 1 Main target, located on the Golden Lion property in northern B.C., prior to completing the second tranche of its previously announced (news, August 26 and 28) tranched private placement (the “Offering”). Following inordinate delays, in the past two weeks assay results have begun to arrive with some regularity from the laboratory, and the release of drilling results from Golden Lion is now imminent. However, the TSX Venture Exchange (the “Exchange”) advises that the time limit for closing of the second tranche has expired, and further extensions will not be granted. Accordingly, the Company has decided to file with the Exchange formal closing documents for the August 26/28 financing, and shall instead announce in the very near future, a new financing in place of the previously anticipated second tranche.
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Evergold Awaits Initial Assay Results from Golden Lion ‘Main’ Target Prior to Executing Previously Announced Second Tranche of Private Placement Financing

Evergold Corp. (TSX-V: EVER, OTC: EVGUF, FRA: 5EG) (“Evergold” or the “Company”). On September 22 the Company announced the closing of the first (hard dollar-focused) tranche of its previously announced (news, August 28) non-brokered private placement along with its intention to complete a second tranche targeted primarily at flow-through funds. At the same time the Company also announced its desire to await initial assays from drilling this summer at the Company’s promising GL 1 ‘Main’ target, located on the Golden Lion property in northern British Columbia, Canada, prior to completing the second tranche of the financing.
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Evergold Announces $3.5 Million Private Placement Financing

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”).
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