Vancouver, British Columbia--(Newsfile Corp. - November 29, 2016) - David H. Brett, President & CEO, EnGold Mines Ltd., (TSXV: EGM) ("EnGold") reports that EnGold has arranged a non-brokered private placement of 5,000,000 flow-through ("FT") units at $0.20 per unit (the "Units") for gross proceeds of $1,000,000, subject to the approval of the TSX Venture Exchange. The Units will consist of one FT share and one warrant to purchase one non-FT common share at a price of $0.30 for a period of two years. The proceeds of the financing will be used to fund exploration at EnGold's 100% owned Lac La Hache Property in the Cariboo region of BC.
The financing will be subject to payment of a cash finder's fee of 7% and issuance of 7%, 2-year finder's warrants to purchase one non-FT share at $0.30 per share.
