VANCOUVER, Aug. 10, 2018 /CNW/ - David H. Brett, President & CEO, EnGold
Mines Ltd., (TSX-V: EGM, "EnGold" or the "Company") reports that
the Company has closed the second and final tranche of its brokered
private placement with Canaccord Genuity Corp. (the "Agent") acting
as agent (refer to news releases dated April
16, 2018, May 1, 2018 and
May 17, 2018). The Company has issued
373,333 Flow-Through Units at $0.30
per Flow-Through Unit for gross proceeds of $111,999.90, and 77,000 Common Units at
$0.26 per Common Unit for gross
proceeds of $20,020.00. The Agent's
commissions and expenses were deducted from the proceeds of the
sale of Common Units, and 26,133 Agent's warrants were issued in
connection with the sale of the Flow-Through Units, and 5,390
Agent's warrants were issued in connection with the sale of the
Common Units. All securities issued under the closing of the final
tranche are subject to a hold period that will expire on
December 11, 2018.
About EnGold
EnGold (www.engold.ca) is focused on exploring its 100% owned
mineral property located near the town of Lac La Hache in BC's prolific Cariboo mining
region. 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 discovering and
developing mineral resources.
Engold Mines Ltd.
Per/
David Brett, MBA
President & CEO
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.