Evolving Gold closes $300,000 private placement
EVOLVING GOLD CLOSES FLOW-THROUGH PRIVATE PLACEMENT
Evolving Gold Corp. has closed a non-brokered flow-through private placement, which raised gross proceeds of $300,000.
The company issued 600,000 flow-through shares at a price of 50 cents per flow-through share. Commissions of $18,000 (6 per cent) and expenses of $1,000 were paid in connection with the private placement. In accordance with applicable securities legislation, the flow-through shares issued in the private placement are subject to a statutory hold period of four months and one day.
The proceeds from the financing will be used to carry out an exploration program on the recently acquired Lithium Lakes property.
http://www.evolvinggold.com/s/NewsReleases.asp?DateRange=2016/01/01…2016/12/31
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