New Risk • May 05
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$194k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Negative equity (-CA$194k). Shareholders have been substantially diluted in the past year (90% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$13.4m market cap, or US$9.88m). New Risk • Apr 08
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 89% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Shareholders have been substantially diluted in the past year (89% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$11.5m market cap, or US$8.33m). Announcement • Apr 08
Evergold Corp. announced that it has received CAD 5.406348 million in funding On April 6, 2026, Evergold Corp. closed the transaction. The company issued 6,612,758 hard-dollar units at a price of CAD 0.55 per HD Unit for aggregate gross proceeds of CAD 3,637,016.9 and 2,722,047 flow-through shares ("FT Shares") at a price of CAD 0.65 per FT share for aggregate gross proceeds of CAD 1,769,330.55, for total aggregate gross proceeds of CAD 5,406,347.45. Each HD Unit is composed of (1) common share in the capital of the Company and (0.5) of one Common Share purchase warrant. Each HD Warrant entitles the holder thereof to acquire one additional Common Share of the Company at an exercise price of CAD 0.80 for a period of (24) months following the date of issuance. Each FT Share is composed of one (1) Common Share of the Company that qualifies as a "flow through share" as defined in subsection 66(15) of the Income Tax Act (Canada). In connection with the Offering, eligible finders received aggregate finder fees of(i) 378,234 finder warrants (each a "Finder Warrant"), entitling the holder to acquire one Common Share issued on a non-flow-through basis, at a price of CAD 0.80 for a period of two years; and (ii) CAD 217,460. Completion of the Offering is subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued and issuable in connection with the Offering will be subject to a hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws. In connection with the offering, Brian Butterworth, a director of the company, acquired 60,000 HD units. the chief executive officer and a director of the company, acquired 61,540 FT shares, and Charles Greig (together with Mr. Butterworth and Mr. Walcott, the insiders), the executive chairman of the company, acquired 77,000 FT shares. In connection with the closing of the offering, Mr. Greig acquired 77,000 common shares of the company. 
