$8 millionEnGold has arranged an $8,000,000 non-brokered private placement of flow-through units on a post-consolidation basis. The financing consists of 16,000,000 units at a price of $0.50 per unit. Each unit consists of one flow-through share and one-half of one warrant whereby each whole warrant will entitle the holder to purchase one common share at a price of $0.75 for a period of two years from the date of issuance.