E2Gold Announces Strategic Investment By Kinross Gold
05/31/22, 7:30 AM
Location
torontoIndustry
other
TORONTO, ON / May 31, 2022 / E2Gold Inc. (TSXV:ETU|OTCQB:ETUGF) (the "Company" or "E2Gold") is pleased to announce that Kinross Gold Corporation ("Kinross") has expressed its intention to support the Company's activities at the district-scale Hawkins Gold Project in north central Ontario by acquiring such number of units ("Units") of E2Gold in connection with a proposed private placement by the Company (the "Offering")which will result in Kinross holding approximately 9.9% of the issued and outstanding common shares of the Company immediately following the closing of the Offering.
Company Info
Location
toronto, ontario, canada
Additional Info
E2Gold Inc. is a publicly traded Canadian junior exploration company committed to unlocking gold potential and growth through exceptional management and technical expertise. The company is listed on the TSX Venture Exchange under the symbol ‘ETU’.
Co-Founded in 2020 by father-daughter duo Dr. Eric Owens and Ellie Owens, E2Gold completed an oversubscribed Initial Public Offering in 2020 after a successful exploration campaign. Dr. Owens is a seasoned professional with over thirty years’ experience in mineral resource exploration. Ms. Owens (B.Sc., M.Sc. Geology) is a talented geologist-turned-lawyer with over seven years in the industry.
The Company is committed to delivering shareholder value through the growth of gold resources on their Northern Ontario properties, starting with the flagship Hawkins Project. This property package is located in a re-emerging gold-rich region along the Hemlo-Timmins geological trend, with a high-grade initial inferred mineral resource of 328,800 oz.
E2Gold is well-positioned for growth with a detailed plan for exploration and commitment to create value through the discovery of gold ounces. This is an exciting opportunity to enter the gold market with a high-potential rising star.