Evergold Corp (TSX-V:EVER, OTC:EVGUF) told investors it has closed its previously-announced non-brokered private placement for gross proceeds of $1,242,200.
The mineral exploration company said it issued 12,078,335 flow-through (FT) units at $0.06 each and 9,409,091 hard-dollar (HD) units at $0.055 each.
Most of the gross proceeds from the sale of the FT units will be used to support the first-ever drilling of its newly optioned DEM property in central British Columbia, which hosts a large-scale copper-gold-silver porphyry target defined by multiple supporting data sets, it added.