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EnviroGold Announces Non-Brokered Private Placement to Accelerate Growth
Globenewswire· 2025-09-15 22:35
Core Viewpoint - EnviroGold Global Limited is initiating a non-brokered private placement to raise up to C$5 million, reflecting growing investor confidence in its technology and strategy [1][3]. Group 1: Offering Details - The company plans to issue units at a price of C$0.09 per unit, with each unit consisting of one common share and one transferable common share purchase warrant [2]. - Each warrant allows the holder to acquire an additional common share at C$0.13 for three years from the closing date [2]. - The offering is expected to close on or before October 15, 2025, subject to regulatory approvals [5]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated to enhance the technology platform and commercial roadmap, including completion of modeling, technical studies, and engineering reports [4][9]. - Funds will also support demonstration plant campaigns, debt reduction, and general working capital to ensure operational resilience [9]. Group 3: Company Overview - EnviroGold Global focuses on monetizing valuable metals from mine waste and tailings while reducing environmental liabilities [8]. - The company operates on a technology license fee model with low capital expenditure requirements, aiming to establish itself as a leading global technology company [8].