ENERGOLD DRILLING CORP. ("EGD")
BULLETIN TYPE: Shares for Bonuses
BULLETIN DATE: April 5, 2018
TSX Venture Tier 1 Company
TSX Venture Exchange (the "Exchange") has accepted for filing the first tranche drawdown of two unsecured debt facilities entered into between the Company and each of Sprott Hedge LP 1 and Sprott Hedge LP 2 (together "Sprott"), and Extract Lending LLC ("Extract") (collectively, the "Lenders"). The facilities may be drawn down in multiple tranches for an aggregate principle amount of $2,000,000. The first tranche drawdown was in the principal amount of $500,000 (the "First Tranche") split evenly between each of the Lenders' facilities. The loans bear interest of 14% per annum and will mature in six months. The Exchange has also accepted the issuance of 600,000 warrants to each of the Lenders. Each warrant shall be exercisable into one common share at $0.54 per share for a period of one year.
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