Evergold Closes $300,000 Financing With Ore Group

Executive Summary

• Evergold Corp. closed a non‑brokered private placement raising $300,000 through the sale of 1,304,346 units at $0.23 per unit.
• Each unit includes one common share and one full common share purchase warrant exercisable at $0.30 for two years.
• Proceeds support Evergold’s strategic repositioning to focus exclusively on its 100 % owned Golden Lion gold‑silver project in the Toodoggone district, BC.

Key Details

• Financing Structure: 1,304,346 units sold; each unit = 1 common share + 1 warrant.
• Pricing: $0.23 per unit → total gross proceeds of $300,000.
• Warrant Terms: Exercise price $0.30 per share; exercisable for a period of two years from issuance.
• Holding Period: All securities subject to a four‑month and one‑day hold period.
• Regulatory Conditions: Closing contingent on required approvals, including TSX Venture Exchange acceptance.
• Strategic Use of Proceeds: Funding the company’s singular focus on the Golden Lion project (100 % owned) in British Columbia’s prolific Toodoggone district.
• Investor Base: Principals associated with the Ore Group participated as purchasers.

Notable Quotes

“The investment marks the beginning of a broader repositioning of Evergold, including a singular strategic focus on the company's 100‑percent‑owned Golden Lion gold‑silver project.” – Kevin M. Keough, President and CEO

All forward‑looking statements are subject to risks and uncertainties as described in the cautionary statement.