Evergold Minerals Expands Capital Base with Tranche 2 Share Placement

Evergreen Lithium Ltd. ( (AU:EG1) ) has shared an update.

Evergold Minerals has issued 83,790,379 fully paid ordinary shares at $0.035 per share under the Tranche 2 Placement approved by shareholders, alongside a further 6,571,429 shares issued to related parties on the same terms. The company stated the shares were issued without a prospectus under the Corporations Act disclosure exemptions, confirmed ongoing compliance with its reporting obligations, and advised there is no excluded information, underscoring its effort to strengthen its capital base while maintaining regulatory transparency.

The announcement, approved by the board, signals continued funding support for Evergold’s exploration ambitions across its Australian gold portfolio. By expanding its share capital through a placement to both external investors and related parties, the company is positioning itself to advance existing projects and pursue new opportunities, potentially impacting shareholder dilution but aiming to enhance long-term exploration and development capacity.

More about Evergreen Lithium Ltd.

Evergold Minerals Limited is an Australian exploration company focused on discovering and developing gold projects across Australia. It holds the Leonora Goldfields and Mt Monger Gold projects in Western Australia’s Goldfields region, as well as the Bynoe Project in the Northern Territory, and is seeking additional high-quality gold exploration opportunities to expand its portfolio.

Average Trading Volume: 550,592

Technical Sentiment Signal: Sell

Current Market Cap: A$9.78M

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