Transactions

Peterson McVicar acts for Evergold in $3.45 Million Initial Public Offering and Listing of Shares

On October 4, 2019 Evergold Corp. (“Evergold” or the “Company”) announced that it had completed an initial public offering (the “Offering”) of 17,250,000 units of the Company (“Units”) at a purchase price of $0.20 per Unit for gross proceeds of $3,450,000, which includes 2,250,000 Units issued on the full exercise of an over-allotment option granted to the agent for the Offering.  Each Unit consists of one common share of the Corporation (each a “Common Share”) and one half of a Common Share purchase warrant (each whole warrant a “Warrant”). Each whole Warrant entitles the holder to purchase one Common Share for a period of 24 months from closing at a price of $0.25 per Common Share.  The TSX Venture Exchange (“TSXV”) has accepted the listing of the Common Shares for trading on the TSXV at the opening of trading on Friday, October 4, 2019 under the stock symbol “EVER”.

The net proceeds of the Offering will be used for Phase I exploration drilling programs on the Company’s Snoball and Golden Lion properties in British Columbia, as called for in their respective NI 43-101 technical reports, for maintenance of its Holy Cross and Spanish Lake properties, and for general working capital purposes.

Evergold Corp. has been assembled by a team with a record of recent success in British Columbia, combining four 100%-owned properties in prime geological real estate from one of BC’s best-known geologists, C.J. Greig, with seasoned management and a highly qualified board. The Company also holds 100% of two other properties: the drill-ready Holy Cross property in central British Columbia west of Prince George, and the Spanish Lake gold property located in the famed Cariboo region of south-central British Columbia.

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