Evergold Corp. announced a non-brokered private placement financing through the issuance of a combination of flow-through units at a price of CAD 0.06 per FT Unit and hard-dollar units at a price CAD 0.055 per HD Unit for aggregate gross proceeds of up to CAD 1,500,000 on September 7, 2023. Subject to the approval of the TSX Venture Exchange, the Company shall compensate Canaccord in the amount of CAD 25,000, payable in hard-dollar units of the Company to be issued at CAD 0.055 per unit with the same terms as the Offering.

Each FT Unit will be comprised of one flow-through share and one common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one additional common share of the Company at an exercise price of CAD 0.08 per Warrant Share for a period of 24 months following the closing of the Offering. Each HD Unit will be comprised of one common share of the company and one Warrant.

The offering is expected to close on September 27, 2023, subject to the receipt of all required regulatory approvals, including the acceptance of the TSXV. All securities issued in connection with the Offering will be subject to a hold period of four months and one day from the Closing Date, in accordance with applicable Canadian securities laws.