Evergold Corp secures $300K in private placement funding from Ore Group investors
Evergold Corp. has secured a new round of funding through a private placement deal. The company raised $300,000 by selling units to investors linked with the Ore Group. Regulatory approval is still required before the transaction is finalised.
The financing involved the sale of 1,304,346 units, each priced at $0.23. Every unit includes one common share and one warrant. Investors can use these warrants to buy an extra share at $0.30 within two years.
The deal was arranged with principals connected to the Ore Group, though their identities have not been publicly disclosed. Before the funds are released, the transaction must receive approval from the TSX Venture Exchange.
Once approved, the $300,000 investment will provide Evergold Corp. with additional capital. The warrants offer investors the option to acquire more shares at a fixed price over the next two years. The company now awaits regulatory confirmation to complete the process.
