Evergold Corp announced a non-brokered private placement financing of hard-dollar units at a price CAD 0.045 per HD Unit and flow-through units at a price of CAD 0.050 per FT Unit for gross proceeds CAD 3,500,000 on May 21, 2024. Each HD Unit will be comprised of one common share of the Company and one common share purchase warrant. Each HD Warrant will entitle the holder thereof to acquire one additional common share of the Company at an exercise price of CAD 0.06 for a period of twenty-four (24) months following the closing of the Offering.

Each FT Unit will be comprised of one common share of the Company qualifying as a ?flow-through share? as defined in subsection 66(15) of the Income Tax Act , and one common share purchase warrant. Each FT Warrant will entitle the holder thereof to acquire one additional common share of the Company at an exercise price of CAD 0.06 per share for a period of twenty-four months following the closing of the Offering.

It is expected that the Offering will close on or about June 10, 2024, or such other date or dates that the Company may determine, subject to the receipt of all required regulatory approvals, including the acceptance of the TSX-V. All securities issued in connection with the Offering will be subject to a hold period of four months and one day from the Closing Date, in accordance with applicable Canadian securities laws.