On February 23, 2021, Evergold Corp. closed an upsized bought deal private placement of 17,500,000 units at a price of $0.20 per unit and 20,454,546 flow-through units at a price of $0.22 per flow-through unit for gross proceeds of $8 million. Each flow-through unit is comprised of one common share and one-half of one common share purchase warrant of Evergold. Each unit is comprised of one common share and one warrant. Each warrant entitles the holder to purchase one common share at a price of $0.30 for a period of 3 years.
Canaccord Genuity Corp. acted as the sole underwriter in connection with the private placement.
Cassels acted for Canaccord.