|December 31, 2004|
Energold Mining Ltd. Announces Completion of Closing of Previously Announced Private Placement
|VANCOUVER, BRITISH COLUMBIA - Dec. 31, 2004 - Energold Mining Ltd. (TSX VENTURE:EGD) is pleased to announce the successful completion, subject to final regulatory approvals, of the closing of a previously announced private placement. The closing was comprised of 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 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. (TSX VENTURE:IPT), as well as a portfolio of projects in the Dominican Republic.
On behalf of the Directors of Energold Mining Ltd.
Frederick W. Davidson, President
FOR FURTHER INFORMATION PLEASE CONTACT:
Energold Mining Ltd.
(604) 681-6813 (FAX)
The TSX Venture Exchange has neither approved nor disapproved this news release.
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