Date closed: 7/6/2016

Value: C$5.75 million

 On July 6, 2016, Energold Drilling Corp. completed its previously announced marketed public offering pursuant to which the Company issued 5,750,000 Units at a price of C$1.00 per Unit for an aggregate gross proceeds of C$5,750,000, including the full exercise of the Agents' option to increase the Offering in the amount of C$750,000. Each Unit consists of one common share and one Share purchase warrant. Each warrant entitles the holder to purchase one Share at a price of C$1.75 per Share for a period of 18 months from the date of issuance. The Offering was conducted through a syndicate of agents led by Clarus Securities Inc. and including M Partners Inc.

BLG represented the agents with a team led by Andrew Powers that included Linda Tu and Danny Lang.