RSS SubscribeNov 22, 2024
EGR Exploration Ltd. (TSX-V:EGR) (“EGR” or the “Company“) is pleased to announce the issuance of 1,500,000 shares and conversion of the Convertible Note issued in November 2022. The shares were issued at a price of $0.10 for a total of $150,000. With the issuance of the shares, the Company is debt free. EGR is now focussed on advancing the Detour West Project with a planned winter drill program to commence in January.
The Convertible Note issued in November 2022 had an aggregate principal amount of
$150,000 and was comprised of a two-year term, 0% interest and was convertible into common shares of the Company at a conversion price of $0.18 per common share in the first year, and at the greater of i) market price and ii) $0.10 if converted in the second year.