Core Viewpoint - EnviroGold Global Limited has successfully closed the first tranche of its non-brokered private placement, raising gross proceeds of C$2,201,276 through the issuance of 24,458,626 units at a price of C$0.09 per unit, which reflects strong investor confidence in the company's technology and strategy [1][2][3]. Financing Details - The first tranche consists of units that include one common share and one transferable common share purchase warrant, allowing the holder to acquire an additional common share at C$0.13 for three years [2]. - The overall offering aims to raise C$5 million, with additional tranches already in progress [4][5]. Use of Proceeds - Proceeds from the first tranche will be allocated to enhance EnviroGold's technology platform, support commercial initiatives, reduce debt, and ensure operational resilience [4][8]. Investor Participation - Certain directors subscribed for a total of 923,185 units, contributing gross proceeds of C$83,086.65, which is classified as a related party transaction [7]. Regulatory Compliance - All securities issued are subject to a statutory hold period of four months and one day, expiring on February 2, 2026, in accordance with Canadian securities laws [6].