06:59 AM EDT, 04/07/2026 (MT Newswires) -- Evergold ( EVGUF ) late on Monday said it has closed a non-brokered private placement financing totaling C$5.4 million.

The offering consists of 6.6 million hard-dollar units at a price of $0.55 per HD unit for gross proceeds of $3.6 million and 2.7 million flow-through shares at a price of $0.65 per FT share for gross proceeds of $1.8 million.

Each HD unit is composed of one common share in the capital of Evergold ( EVGUF ) and one half of one common share purchase warrant. Each HD warrant entitles the holder to acquire one additional common share of Evergold ( EVGUF ) at an exercise price of $0.80 for a 24-month period following the date of issuance.

Each FT share is composed of one common share of Evergold ( EVGUF ) that qualifies as a "flow-through share" as defined in the Income Tax Act (Canada).

The gross proceeds from the issuance of FT shares will be used for "Canadian exploration expenses" on Evergold's ( EVGUF ) Canadian mineral properties, primarily the Golden Lion project, and will qualify either as "flow-through critical mineral mining expenditures" or "flow-through mining expenditures."

The net proceeds from the issuance of the HD units will be primarily used for exploration activities at the company's properties, as well as for general working capital purposes.

Completion of the offering is subject to the receipt of all necessary regulatory approvals, including TSXV approval.