April 4, 2023
EGR Exploration Ltd. (TSX-V:EGR) (“EGR” or the “Company“) is pleased to announce a non-brokered private placement of 8 million units of the Company (the “Units“) at a price of C$0.11 per Unit and 8 million flow-through units of the Company (the “Flow-Through Units“) at a price of C$0.14 per Flow-Through Unit for gross proceeds to the Company of up to C$2.0 million (the “Offering“). Each Unit shall consist of one common share of the Company (each, a “Common Share“) and one half of one Common Share purchase warrant (each whole warrant, a “Warrant“). And each Flow-Through Unit shall consist of one flow-through common share of the Company (each, a “Flow-Through Share“) and a half Warrant. Each Warrant will be exercisable by the holder thereof to acquire one Common Share (a “Warrant Share“) at a price of C$0.22 for a period of 36 months following the closing date of the Offering.