EnviroGold Global Closes Second Tranche of Private Placement and Increases Size of Offering Due to Investor Interest
2024年7月2日 - 7:00PM
EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF | FSE: YGK)
(“EnviroGold,” or the “Company”), a technology company enabling the
global mining industry to monetize valuable metals contained in
mine waste and tailings, reduce environmental liabilities and
improve social and environmental outcomes, is pleased to announce
that it has closed the second tranche of a $1,000,000 non-brokered
private placement (the “Offering”). The second tranche of the
Offering consisted of 2,240,000 units of the Company (the “Units”)
issued at a price of $0.05 per Unit for aggregate proceeds of
C$112,000. Each Unit consists of one common share (each a “Common
Share”) and one warrant exercisable to acquire one additional
Common Share at a price of $0.08 until April 30, 2026.
Together with the Company’s closing of the first tranche of the
Offering, the Company has raised aggregate gross proceeds of
$842,000. The Company is also pleased to advise that it has
increased the size of the Offering to $2.0 million as result of
continued investor interest in the Company. The remainder of the
Offering may close in one or more tranches, at the discretion of
the Company.
The proceeds from the Offering will be used to accelerate the
establishment of the NVRO Clean Leach Process demonstration
facility in Brisbane, Australia, to advance customer relationships,
and for general operating expenses.
All securities issued in connection with the Offering are
subject to a statutory hold period of four months and a day from
issuance pursuant to applicable securities laws of Canada. No
finder’s fees were paid on the second tranche of the Offering.
About EnviroGold Global
EnviroGold Global is a technology company enabling the global
mining industry to monetise valuable metals from mine waste and
tailings and reduce environmental liabilities. EnviroGold’s
patented proprietary technology is at the leading edge of demand
for precious and critical metals and greater social demand for
better environmental outcomes. The Company operates on a technology
license fee model with low capex requirements and intends to
establish itself as a leading global technology company focussed on
shareholder value.
ContactMr. David Cam, CEOTelephone: +1 416 842
9003Email: ir@EnviroGoldGlobal.com
Forward-Looking StatementsThis news release
contains “forward-looking statements” within the meaning of
applicable securities laws, including, without limitation, earnings
guidance, economic guidance, operational guidance and future
capital spending amounts. All statements contained herein that are
not clearly historical in nature may constitute forward-looking
statements. Generally, such forward-looking information or
forward-looking statements can be identified by the use of
forward-looking terminology such as “plans”, “expects” or “does not
expect”, “is expected”, “budget”, “scheduled”, “estimates”,
“forecasts”, “intends”, “anticipates” or “does not anticipate”, or
“believes”, or variations of such words and phrases or may contain
statements that certain actions, events or results “may”, “could”,
“would”, “might” or “will be taken”, “will continue”, “will occur”
or “will be achieved”. The forward-looking information and
forward-looking statements contained herein include, but are not
limited to, statements pertaining to the use of funds from the
Offering and the anticipated closing date of any additional
tranches of the Offering, and the Company’s ability to accelerate
the world’s transition to a circular resource economy.
Forward-looking information in this news release are based on
certain assumptions and expected future events, namely: the
Company’s ability to continue as a going concern; the continued
commercial viability and growth in the clean technology and mining
waste reprocessing industry; continued approval of the Company’s
activities by the relevant governmental and/or regulatory
authorities; the continued development of clean technology and
mining waste reprocessing technology; and the continued growth of
the Company. These statements involve known and unknown risks,
uncertainties and other factors, which may cause actual results,
performance or achievements to differ materially from those
expressed or implied by such statements, including but not limited
to: the potential inability of the Company to continue as a going
concern; the Company’s inability to accelerate the world’s
transition to a circular resource economy, the risks associated
with assessing metallurgical recovery rates from mine tailings and
waste and related volumetric assessments, the risks associated with
the mining and mining waste recycling industry in general;
increased competition in the clean technology and waste
reprocessing market; the potential unviability of the clean
technology and mining waste reprocessing market; incorrect
assessment of the value and potential benefits of various
transactions; risks associated with potential governmental and/or
regulatory action with respect to clean technology and mining waste
reprocessing; risks associated with a potential collapse in the
value of clean technology and waste reprocessing; and risks
relating to the Company’s potential inability to expand its
reprocessing pipeline.
Readers are cautioned that the foregoing list is not exhaustive.
Readers are further cautioned not to place undue reliance on
forward-looking statements, as there can be no assurance that the
plans, intentions or expectations upon which they are placed will
occur. Such information, although considered reasonable by
management at the time of preparation, may prove to be incorrect
and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are
expressly qualified by this cautionary statement and reflect the
Company’s expectations as of the date hereof and are subject to
change thereafter. The Company undertakes no obligation to update
or revise any forward-looking statements, whether as a result of
new information, estimates or opinions, future events or results or
otherwise or to explain any material difference between subsequent
actual events and such forward-looking information, except as
required by applicable law.
Neither the Canadian Securities Exchange nor its Market
Regulator (as that term is defined in the policies of the Canadian
Securities Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the
securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful. This press release does not constitute an
offer to sell or a solicitation of an offer to sell any of the
securities described herein in the United States. The securities
described in this news release have not been and will not be
registered under the United States Securities Act of 1933, as
amended (the “U.S. Securities Act”) or any state securities laws
and may not be offered or sold within the United States or to U.S.
Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such
registration is available.