EVG

Evolving Gold Announces Closing of Financing

Retrieved on: 
Monday, December 2, 2019
Loans, EVG

VANCOUVER, British Columbia, Dec. 02, 2019 (GLOBE NEWSWIRE) -- Evolving Gold Corp. (CSE: EVG) (FSE: EV7) (OTCB: EVOGF) (the Company or EVG) announces that in October 2019 it borrowed the sum of $60,000 from JMM Trading LP (the Lender) for purposes of financing its audited financial statements for the fiscal year ended March 31st, 2019 and the costs associated with obtaining revocation orders to the previously outstanding cease trade orders issued by the BCSC and OSC.

Key Points: 
  • VANCOUVER, British Columbia, Dec. 02, 2019 (GLOBE NEWSWIRE) -- Evolving Gold Corp. (CSE: EVG) (FSE: EV7) (OTCB: EVOGF) (the Company or EVG) announces that in October 2019 it borrowed the sum of $60,000 from JMM Trading LP (the Lender) for purposes of financing its audited financial statements for the fiscal year ended March 31st, 2019 and the costs associated with obtaining revocation orders to the previously outstanding cease trade orders issued by the BCSC and OSC.
  • The loan is unsecured, bears interest at the rate of 10% per annum, and matures in 12 months.
  • The Company has now agreed that:
    the loan may be prepaid, provided a full 12 months of interest is paid; and
    the Company will issue 500,000 bonus Shares to the Lender.
  • EVG continues to seek new business opportunities.