Evergold Announces Private Placement of up to C$1,500,000, to Support First-Ever Drilling of High Potential DEM Porphyry Copper-Gold-Silver Prospect, BC

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Last update: Sep 7, 2023

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TORONTO, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Evergold Corp. (TSX-V: EVER, OTC: EVGUF, WKN: A2PTHZ) (“Evergold” or the “Company”) is pleased to announce that it intends to complete a non-brokered private placement financing for aggregate gross proceeds of up to $1,500,000 through the issuance of a combination of flow-through units (“FT Units”) at a price of $0.06 per FT Unit and hard-dollar units of the Company (“HD Units”) at a price $0.055 per HD Unit (the “Offering”). It is expected that the majority of the gross proceeds from the sale of the FT Units will be used to support first-ever drilling of the newly optioned DEM Property (news, August 2, 2023), which hosts a large-scale copper-gold-silver porphyry target defined by multiple supporting data sets. Further details on the DEM prospect may be found on the Company’s website at www.evergoldcorp.ca/projects/dem-property/ and in a NI 43-101 technical report entitled “Technical Report on the DEM Property” dated August 30, 2023, posted thereon and on the Company’s issuer profile on SEDAR+.