ENERGOLD DRILLING CORP. ("EGD")
BULLETIN TYPE: Prospectus-Unit Offering
BULLETIN DATE: July 18, 2016
TSX Venture Tier 1 Company
Effective July 18, 2016, the Company's Short Form Prospectus dated June 29, 2016 has been filed with and accepted by TSX Venture Exchange, and effective June 29, 2016 filed with and receipted by the British Columbia, Alberta, and Ontario Commissions pursuant to the provisions of the respective Securities Acts.
TSX Venture Exchange Inc. has been advised that closing occurred on July 6, 2016 for gross proceeds of $5,750,000 (including $750,000 of the over-allotment option exercised to date).
Underwriters: Clarus Securities Inc., M Partners Inc. and Haywood Securities Inc.
Offering: 5,000,000 units ("Units"). Each Unit consists of one common share and one share purchase warrant.
Unit Price: $1.00 per Unit
Warrant Exercise Price/Term: Each warrant ("Warrant") entitles the holder to acquire one common share at a price of $1.75 for a period of eighteen months.
Underwriters' Fee: The Underwriters received a cash commission equal to 6% of the gross proceeds plus 345,000 warrants ("Broker Warrants") Each Broker Warrant is exercisable into one common share at a price of $1.00 for a period of eighteen months.
Over-Allotment Option: The Underwriters were granted and have fully exercised an over-allotment option in connection with this offering. The Underwriters were granted an over-allotment option, to purchase up to an additional 750,000 Units (being 15% of the Offering) on the same terms as above, exercisable up to 30 days after the closing of the Offering. The above noted Underwriters' Fee is also applicable to the Over-Allotment Option.
For further information, refer to the Company's Short Form Prospectus dated June 29, 2016 filed on SEDAR and the Company's news release dated June 14, 2016.
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