E2Gold Inc. announced a private placement of HD units at a price of CAD 0.025 per unit and flow-through units at a price of CAD 0.030 for the gross proceeds of CAD 1,000,000 on March 1, 2024. Each HD Unit will consist one common share and common share purchase warrant to acquire one additional common share at a price of CAD 0.05 for a period of 24 months from the date of issuance. Each FT Unit will be comprised of one flow-through common share and one common share purchase warrant with each whole warrant exercisable to acquire one additional common share at a price of CAD 0.06 for a period of 24 months from the date of issuance thereof.

Up to 50% of the offering may be purchased by insiders. The offering remains subject to the approval of the TSX Venture Exchange.