Evergold Corp. Closes $300,000 Financing, Focuses on Golden Lion Project
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 14 2026
0mins
Source: Globenewswire
- Financing Completion: Evergold Corp. successfully closed a non-brokered financing of $300,000 with principals from the Ore Group, selling 1,304,346 units at $0.23 each, reflecting market confidence in its projects.
- Equity Structure Optimization: Each unit consists of one common share and a warrant exercisable for an additional common share at $0.30 for two years, enhancing potential returns for investors while providing funding support for future company growth.
- Strategic Focus Shift: This financing marks a strategic repositioning for Evergold, concentrating on its 100%-owned Golden Lion gold-silver project, aiming to leverage the project's potential for long-term growth.
- Regulatory Approval Requirements: Completion of the financing is subject to obtaining all necessary regulatory approvals, including from the TSX Venture Exchange, ensuring the company operates within compliance frameworks and mitigates future operational risks.
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Analyst Views on EVER
Wall Street analysts forecast EVER stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EVER is 35.00 USD with a low forecast of 32.00 USD and a high forecast of 40.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
3 Buy
2 Hold
0 Sell
Moderate Buy
Current: 22.790
Low
32.00
Averages
35.00
High
40.00
Current: 22.790
Low
32.00
Averages
35.00
High
40.00
About EVER
EverQuote, Inc. operates an online marketplace for consumers shopping for auto and home and renters insurance quotes. The Company operates a marketplace connecting insurance providers to a large volume of high-intent, pre-validated consumer referrals that match the insurers' specific underwriting and profitability requirements. Its marketplace enables consumers to choose to visit an insurance provider's Website to purchase a policy or engage with a carrier or agent by phone or submit their data to insurance providers to receive quotes. Its technology platform combines internally developed, third-party and open-source software. Its Websites and supporting services, as well as its development and test environments, are hosted across industry-standard cloud providers, such as Amazon Web Services and Google Cloud Platform. The Company's insurance provider customers include insurance carriers and third-party insurance agents.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Evergold Corp. Closes $300,000 Financing, Focuses on Golden Lion Project
- Financing Completion: Evergold Corp. successfully closed a non-brokered financing of $300,000 with principals from the Ore Group, selling 1,304,346 units at $0.23 each, reflecting market confidence in its projects.
- Equity Structure Optimization: Each unit consists of one common share and a warrant exercisable for an additional common share at $0.30 for two years, enhancing potential returns for investors while providing funding support for future company growth.
- Strategic Focus Shift: This financing marks a strategic repositioning for Evergold, concentrating on its 100%-owned Golden Lion gold-silver project, aiming to leverage the project's potential for long-term growth.
- Regulatory Approval Requirements: Completion of the financing is subject to obtaining all necessary regulatory approvals, including from the TSX Venture Exchange, ensuring the company operates within compliance frameworks and mitigates future operational risks.
Continue Reading