SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (17779)4/29/2016 8:41:54 PM
From: Goose94Respond to of 203414
 
EGD-V new 52 week high, $1.30



To: Goose94 who wrote (17779)7/6/2016 1:33:03 PM
From: Goose94Read Replies (2) | Respond to of 203414
 
Energold Drilling (EGD-V) July 6, '16 is pleased to announce that it has completed its previously announced marketed "best efforts" public offering pursuant to which the Company issued 5,750,000 Units at a price of $1.00 per Unit for an aggregate gross proceeds of $5,750,000, including the full exercise of the Agents' option to increase the Offering in the amount of $750,000. Each Unit consists of one common share (each, a "Share") and one Share purchase warrant. Each warrant entitles the holder to purchase one Share at a price of $1.75 per Share for a period of 18 months from the date of issuance. The Offering was conducted through a syndicate of agents led by Clarus Securities Inc. and including M Partners Inc. (together, the "Agents").

In consideration for their services in connection with the Offering, the Agents received a cash commission of 6% of the gross proceeds raised under the Offering as well as compensation options ("Compensation Options") equal to 6% of the number of Units sold under the Offering. Each Compensation Option is exercisable by the Agents to acquire one Share at a price of $1.00 per Share for a period of 18 months following the closing of the Offering.

The net proceeds of the Offering will be used by the Company to fund a portion of the Company's capital program, which includes the purchase of two drilling rigs and ancillary supplies, and for working capital purposes. The objective is to extend the Company's capability in technical mineral and water drilling programs in Africa.

About Energold

Energold is a leading global specialty drilling company that services the mining, energy, water, infrastructure and manufacturing sectors in approximately 25 countries. Specializing in a socially and environmentally sensitive approach to drilling, Energold provides a comprehensive range of drilling services from early stage exploration to mine site operations for all commodity sectors and has an established drill rig manufacturer, Dando Drilling International, based in the United Kingdom. Energold also holds 7.98 million shares of IMPACT Silver Corp., a silver producer in Mexico.

This press release does not constitute an offer of the securities of the Company for sale in the "United States" or to "U.S. persons" (as such term is defined in Regulation S under the United States Securities Act of 1933, as amended (the "1933 Act")). The securities of the Company have not been registered under the 1933 Act and may not be offered or sold within the United States or to U.S. persons absent registration or an exemption from registration under the 1933 Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

Steven Gold
Chief Financial Officer
(416) 275-4070
sgold@energold.com

Jerry Huang
Investor Relations
(604) 681 0172
inquiries@impactsilver.com