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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (56)	5/24/2013 8:05:03 PM
From: Goose94	Read Replies (1) \| Respond to of 203382

EGD-V bottomed?

To: Goose94 who wrote (56)	8/12/2013 11:17:39 AM
From: Goose94	Read Replies (1) \| Respond to of 203382

EGD-V sees turning in drilling actively?

To: Goose94 who wrote (56)	7/21/2014 3:25:09 PM
From: Goose94	Read Replies (1) \| Respond to of 203382

Energold Drilling (EGD-V) July 21, '14 is pleased to announce that it has closed a private placement with a group of investors subscribing for $13.5 million principal amount of secured convertible debentures ("CDs") for a term of three years. The CDs bear interest at a rate of 12.85% calculated and compounded annually and payable quarterly. The CDs are convertible into common shares of the Company at a conversion price of $3.00 per share. Insiders of the Company purchased CDs having a principal face value of $3.0 million, representing 22.0% of the offering. Due to the interest expressed in the CDs, the size of the offering was increased from $12.5 million to $13.5 million. All other terms of the CDS are as disclosed in Energold's press release of July 9, 2014. The net proceeds of the CDs are expected to be used for the repayment of the outstanding amount under the Company's $10 million secured convertible debentures maturing on July 21, 2014 and for working capital purposes including, but not limited to, the funding of bolt-on acquisitions. The CDs and any securities issued on conversion of the CDs are subject to a hold period expiring on November 22, 2014.