TORONTO, ON / ACCESSWIRE / December 20, 2023 / E2Gold Inc. (TSXV:ETU) (OTCQB:ETUGF) (the “Company” or “E2“) is pleased to announce that it closed its previously announced private placement (the “Offering“) pursuant to which it
has issued an aggregate of 12,716,666 units (“Units“) at a price of $0.03 per Unit, to raise aggregate gross proceeds of $381,500.
Each Unit is 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 $0.05 for a period of 24 months from the date of issuance thereof.
All securities issued and issuable pursuant to the Offering are subject to a statutory hold period expiring April 21, 2024. The Offering remains subject to the final approval of the TSX Venture Exchange. The Company intends to apply the gross proceeds from the Offering towards the exploration of its…
