E2Gold Inc. announced a non-brokered private placement of up to 16,666,667 flow-through units at a price of CAD 0.03 per flow-through unit for gross proceeds of up to CAD 500,000 on November 30, 2023. Each flow-through unit will consist of one flow-through common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at an exercise price of CAD 0.05 for a period of 24 months following the issuance of the units.

The offering remains subject to various closing conditions, including the approval of the TSX Venture Exchange. Up to 50% of the Offering may be purchased by insiders.