EnviroGold Closes Oversubscribed $7.5 Million Placement on Strong Investor Demand

Executive Summary

• EnviroGold Global Limited closed an upsized $7.52 million non‑brokered private placement, exceeding the original $5 million target.
• The offering consisted of 83,547,080 units at $0.09 per unit, each unit containing one common share and one warrant exercisable at $0.13 for 36 months.
• Proceeds will be used to accelerate technology development, demonstration‑plant campaigns, debt reduction, and working capital to advance commercialisation of the NVRO Process™.

Key Details

• Gross proceeds: $7,519,237.
• Units issued: 83,547,080 units @ $0.09 per unit.
• Unit composition: 1 common share + 1 common‑share purchase warrant (exercise price $0.13, 36‑month term).
• Tranche breakdown:
• First tranche closed Oct 1 2025 – $2,201,276 gross proceeds.
• Second (final) tranche closed Oct 15 2025 – $5,317,960 gross proceeds.
• Finder’s fees paid:
• Second tranche: $121,517.40 cash + 1,281,860 non‑transferable warrants.
• First tranche: $103,123 cash + 1,038,167 non‑transferable warrants (corrected from previously disclosed amounts).
• Related‑party participation: Directors subscribed for 848,253 units ($76,342.77) in the second tranche; transaction qualifies for MI 61‑101 exemption (value < $2.5 M).
• Statutory hold period: All securities from the second tranche subject to a four‑month‑plus‑one‑day hold expiring Feb 17 2026.
• Use of proceeds:
• Advance technology modelling, technical studies, and engineering deliverables for client deployments and licensing.
• Execute optimisation runs and operational programs at demonstration plants to reach TRL 8 commercial readiness.
• Retire short‑term debt to strengthen balance sheet flexibility.
• Support working capital, global partnership development, and scaling of commercial operations.

Notable Quotes

• “We’re delighted to close this significantly oversubscribed financing, which underscores the growing institutional and shareholder confidence in our technology…” – David Cam, CEO, EnviroGold Global.
• “The inclusion of Pala Investments… marks an important milestone for EnviroGold… validates our vision and adds institutional depth to our shareholder base.” – David Cam, CEO.