VANCOUVER, Dec. 17, 2018 /CNW/ - David H. Brett, President & CEO, EnGold
Mines Ltd., (TSX-V: EGM, "EnGold" or the "Company") reports that
the Company has arranged a non-brokered private placement of up to
2,000,000 flow-through units at $0.14
per unit, whereby each unit will consist of one flow-through common
share and one warrant to purchase one non flow-through share at a
price of $0.20 for a period of one
year for gross proceeds of $280,000,
subject to the approval of the TSX Venture Exchange. The proceeds
will be used to further explore the Company's 100% owned Lac La
Hache Property in the Cariboo region of BC.
A portion of the placement will be subject to finder's fees of
7% in cash and 7% broker warrants to purchase non-flow-through
common shares at $0.14 for one
year.
About EnGold
EnGold is a Vancouver-based
copper/gold exploration company focused solely on its 100% owned
Lac La Hache property in the
Cariboo region of BC. EnGold's vision is to identify and delineate
mineral resources at Lac La Hache
that could potentially support an economically feasible and
environmentally sustainable underground mining operation. The Spout
Deposit, the Aurizon Gold Deposit and the 2017 G1 Copper Discovery,
located within a 7-kilometer area on the property, are all
considered by EnGold to be potentially underground minable targets.
With world class infrastructure at its doorstep, Lac La Hache is a great location to be
exploring. 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 fulfilling
its vision to profitably supply valuable and much needed metals to
the global marketplace.
EnGold Mines Ltd.
David Brett
President & CEO
This news release may contain
"forward‐looking statements". Readers are cautioned
that any such statements are not guarantees of future performance
and that actual development or results may vary materially from
those in these "forward looking statements." Neither the TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
SOURCE Engold Mines Ltd.