EnviroGold Global Launches Private Placement and Announces Engagement with Sequoia Corporate Finance Pty Ltd
April 29 2024 - 7:07AM
EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF | FSE: YGK)
(“EnviroGold,” or the “Company”), a technology company enabling the
global mining industry to monetize valuable metals contained in
mine waste and tailings, reduce environmental liabilities and
improve social and environmental outcomes, is pleased to announce
that it intends to complete a non-brokered private placement (the
“Financing”) for aggregate gross proceeds of up to C$1,000,000. The
Financing will be in the form of a unit offering of up to
20,000,000 units with each unit consisting of one common share at a
price of C$0.05, and one full warrant exercisable at a price of
C$0.08 for a 24-month term expiring on April 30, 2026.
CEO David Cam commented, “This private placement will allow the
Company to continue work on its previously announced demonstration
plant in Brisbane, Australia that will serve as a central testing
hub for several mining companies, demonstrate our technology on
their respective tailings material and expedite commercial
decisions.”
Mr. Bezanson, the Company chairman said, “EnviroGold’s focus,
and momentum is exciting, and I am pleased to show my ongoing
support by participating in the placement along with Mr. Cam and
other members of the Board.”
In addition, EnviroGold has engaged the services of Sequoia
Corporate Finance Pty. Ltd.
(https://www.sequoia.com.au/corporate-institutional/corporate-finance/)
to assist the Company with securing, and structuring a near term
strategic investment. The Company expects the funds from these two
financings will be sufficient to fund operations, construct the
small-scale unit and commence tailings reprocessing as previously
outlined.
For details of the placement please contact
investorrelations@envirogoldglobal.com.
About EnviroGold GlobalEnviroGold Global is a
technology company enabling the global mining industry to monetise
valuable metals from mine waste and tailings and reduce
environmental liabilities. EnviroGold’s proprietary technology is
at the leading edge of a paradigm shift in global demand for
precious and critical metals and greater social demand for better
environmental outcomes. The Company operates on a technology
license fee model with low capex requirements and intends to
establish itself as a leading global technology company focussed on
shareholder value.
ContactMr. David Cam, CEOTelephone: +1 416 842
9003Email: InvestorRelations@EnviroGoldGlobal.com
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Forward-Looking StatementsThis news release
contains “forward-looking statements” within the meaning of
applicable securities laws, including, without limitation, earnings
guidance, economic guidance, operational guidance and future
capital spending amounts. All statements contained herein that are
not clearly historical in nature may constitute forward-looking
statements. Generally, such forward-looking information or
forward-looking statements can be identified by the use of
forward-looking terminology such as “plans”, “expects” or “does not
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statements that certain actions, events or results “may”, “could”,
“would”, “might” or “will be taken”, “will continue”, “will occur”
or “will be achieved”. The forward-looking information and
forward-looking statements contained herein include, but are not
limited to, statements pertaining to the use of funds from the
Financing and the anticipated closing date of the Financing, and
the Company’s ability to accelerate the world’s transition to a
circular resource economy. Forward-looking information in this news
release are based on certain assumptions and expected future
events, namely: the Company’s ability to continue as a going
concern; the continued commercial viability and growth in the clean
technology and mining waste reprocessing industry; continued
approval of the Company’s activities by the relevant governmental
and/or regulatory authorities; the continued development of clean
technology and mining waste reprocessing technology; and the
continued growth of the Company. These statements involve known and
unknown risks, uncertainties and other factors, which may cause
actual results, performance or achievements to differ materially
from those expressed or implied by such statements, including but
not limited to: the potential inability of the Company to continue
as a going concern; the Company’s inability to accelerate the
world’s transition to a circular resource economy, the risks
associated with assessing metallurgical recovery rates from mine
tailings and waste and related volumetric assessments, the risks
associated with the mining and mining waste recycling industry in
general; increased competition in the clean technology and waste
reprocessing market; the potential unviability of the clean
technology and mining waste reprocessing market; incorrect
assessment of the value and potential benefits of various
transactions; risks associated with potential governmental and/or
regulatory action with respect to clean technology and mining waste
reprocessing; risks associated with a potential collapse in the
value of clean technology and waste reprocessing; and risks
relating to the Company’s potential inability to expand its
reprocessing pipeline.
Readers are cautioned that the foregoing list is not exhaustive.
Readers are further cautioned not to place undue reliance on
forward-looking statements, as there can be no assurance that the
plans, intentions or expectations upon which they are placed will
occur. Such information, although considered reasonable by
management at the time of preparation, may prove to be incorrect
and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are
expressly qualified by this cautionary statement and reflect the
Company’s expectations as of the date hereof and are subject to
change thereafter. The Company undertakes no obligation to update
or revise any forward-looking statements, whether as a result of
new information, estimates or opinions, future events or results or
otherwise or to explain any material difference between subsequent
actual events and such forward-looking information, except as
required by applicable law.