Photo: streetinsider.com
Evergold Raises $350K for Drilling at DEM Gold with New Convertible Debenture
Evergold Corp. secures $350,000 through a convertible debenture from C.J. Greig Holdings Ltd. to fund drilling operations at the DEM Gold prospect, enhancing its position on the TSX Venture Exchange.
- Evergold Corp. has raised $350,000 via an unsecured Debenture from C.J. Greig Holdings Ltd., a company owned by director Charlie Greig.
- The Debenture carries a 7.5% annual interest rate and is set to mature on December 31, 2026, allowing conversion into Common stock at $0.23 per share.
- The funding will support drilling operations at the DEM Gold prospect in British Columbia, which utilizes a Digital elevation model for exploration and assessment.
Por Qué Es Relevante
This financing is crucial for Evergold Corp. as it advances exploration at the DEM Gold prospect, potentially impacting the companys growth and resource development in the competitive Metal market.