Vancouver, British Columbia--(Newsfile Corp. - April 3, 2017) - David H. Brett, President & CEO, EnGold Mines Ltd., (TSXV: EGM) ("EnGold") reports that EnGold has arranged a non-brokered private placement of 4,000,000 flow-through ("FT") units at $0.50 per unit (the "Units") for gross proceeds of $2,000,000, 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 $0.60 for a period of two years. Certain insiders of EnGold may participate in the private placement. The proceeds of the financing will be used to fund ongoing 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 $0.60 per share.
About EnGold
EnGold is focused on finding and developing mining operations at its 100% owned mineral property located near the town of Lac La Hache in BC's prolific Cariboo mining region. EnGold's corporate philosophy rests on three interdependent pillars: Environment, Engagement and Gold. Through sound environmental stewardship, commitment to transparent engagement with local communities, the Company is dedicated to driving exceptional shareholder and stakeholder value by discovering and developing mineral resources.
