|December 10, 2004|
Energold Mining Ltd. Announces Private Placement
|Energold Mining Ltd. (EGD:TSX.V) is pleased to announce that, subject to regulatory approvals, the company will undertake a non-brokered private placement of up to 1,875,000 common shares of the company at a price of $0.80 per share for total proceeds of up to $1,500,000. The proceeds from the offering will be used to expand its drill fleet, and for working capital purposes. The securities issued under the private placement will be subject to a hold period from the date of issuance in accordance with the TSX Venture Exchange policies. |
Vancouver-based Energold Mining Ltd. is a profitable exploration company that holds a 50% interest in contract diamond driller Kluane International Drilling, a controlling interest in silver explorer IMPACT Minerals International Inc. (IPT: TSX.V), as well as a portfolio of projects in the Dominican Republic.
On behalf of the Directors of Energold Mining Ltd.
"Frederick W. Davidson"
For further information, please contact:
Darrell Rader - Corporate Development
The TSX Venture Exchange has neither approved nor disapproved this news release.
You can view the Next News Releases item: Fri Dec 31, 2004, Energold Mining Ltd. Announces Completion of Closing of Previously Announced Private Placement
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