Evergold to trade on TSX Oct. 4
2019-10-02 17:58 ET - New Listing
Evergold Corp.'s initial public offering (IPO) prospectus dated Sept. 16, 2019, has been filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the Ontario, British Columbia and Alberta commissions on Sept. 19, 2019, pursuant to the provisions of the Ontario, British Columbia and Alberta securities acts. The common shares of the company will be listed and admitted to trading on the TSX Venture Exchange on the effective date stated below. The company is classified as metal ore mining company (NAICS No. 212220).
Offering: up to 15 million units
Offering price: 20 cents per unit (Each unit consists of one common share in the capital of the company and one-half of one common share purchase warrant. Each unit warrant will entitle the holder thereof to acquire, subject to adjustment in certain circumstances, one common share in the capital of the company at an exercise price of 25 cents for a period of 24 months from the date of closing of the offering.)
Overallotment option: The company has granted to the agents an overallotment option, exercisable in whole or in part in the sole discretion of the agents up until the closing date, to purchase additional units under the offering, for additional proceeds of up to $450,000.
Agent: Leede Jones Gable Inc.
Agent's fee: a cash commission equal to 7 per cent of the gross proceeds of the offering
Agent's warrants: non-transferable broker warrants to purchase a number of common shares equal to 7 per cent of the number of units sold pursuant to the offering at an exercise price of 20 cents per share during a period of 24 months from the closing date
Listing date: at the close of business (5:01 p.m. EST) on Thursday, Oct. 3, 2019
Commence date: The common shares will commence trading on the TSX Venture Exchange at the market open on Friday, Oct. 4, 2019, upon confirmation of closing. The closing of the IPO is scheduled to occur before the market opening on Friday, Oct. 4, 2019. It is expected that the gross proceeds of the closing will be no less than $2,660,874 for a total of 13,304,370 units at 20 cents per unit. A further notice will be issued upon receipt of closing confirmation.
Corporate jurisdiction: Ontario
Capitalization: unlimited common shares with no par value, of which 23,675,837 common shares are issued and outstanding
Escrowed shares: 6,688,300 common shares and 2,047,075 warrants
Transfer agent: Capital Transfer Agency ULC
Trading symbol: EVER
Cusip No.: 300144201