Evergold increases placement to $6-million

Executive Summary

• Evergold Corp. is upsizing its previously announced non-brokered private placement by $1 million, increasing the aggregate gross proceeds to up to $6 million.
• The offering consists of hard-dollar units (HD units) priced at $0.55 per unit and flow-through shares (FT shares) priced at $0.65 per share.
• The transaction is expected to close on or about April 1, 2026, subject to regulatory approvals, including TSX Venture Exchange acceptance.

Key Details

• Transaction Structure: Non-brokered private placement.
• Aggregate Gross Proceeds: Up to $6,000,000 (increased from $5,000,000).
• Instrument Pricing:
  • Hard-dollar units (HD units): $0.55 per unit.
  • Flow-through shares (FT shares): $0.65 per share.
• Use of Proceeds: Not explicitly stated in this specific release, but standard for private placements to fund operations/project advancement.
• Closing Date: Expected on or about April 1, 2026, or such other date(s) as determined by the company.
• Regulatory Conditions: Subject to receipt of all required regulatory approvals, including acceptance by the TSX Venture Exchange.
• Hold Period: All securities issued will be subject to a statutory hold period of four months and one day from the date of issuance, in accordance with Canadian securities laws.
• Qualified Person: Charles J. Greig, MSc, PGeo, Executive Chairman, has reviewed and approved the technical information.

Notable Quotes

• No direct quotes from the CEO/President were included in this specific release text.