April 3, 2017. Vancouver, BC. David H. Brett, President & CEO, EnGold Mines Ltd., (TSX-V: 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.
Engold Mines Ltd.
David Brett, MBA
President & CEO
For further info contact David Brett, 604-682-2421 or firstname.lastname@example.org
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