E2Gold, Inc. (TSE:ETU) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
E2Gold Inc. has announced that Kinross Gold is set to maintain its 9.9% investment during E2Gold’s ongoing private financing, which has been extended to August 15, 2024, aiming to raise $500,000. The company plans to use the funds for its next drill program focused on expanding the McKinnon Zone footprint, which involves testing the unexplored McKinnon East Extension. The financing involves the sale of two types of units, with the potential for significant insider participation, subject to TSX Venture Exchange approval.
For further insights into TSE:ETU stock, check out TipRanks’ Stock Analysis page.