Evolving Gold Corp. announced that a best efforts private placement of 6,000,000 subscription receipts at a price of CAD 0.50 per subscription receipt for gross proceeds of up to CAD 3,000,000 on October 26, 2021. Each subscription receipt will automatically convert into one common share of the company. The company pay no finders' fee in the transaction. All securities issued in connection with the transaction will be subject to a four-month-and-one-day statutory hold period. The transaction is subject to receipt of any required regulatory and third-party consents, approval of the Canadian Securities Exchange.