E2Gold Concludes Initial Financing Tranche

E2Gold Inc. has successfully closed the first tranche of its private placement, raising $50,000. This financing involved the issuance of 5,000,000 Flow-Through shares at C$0.01 per share. These securities will hold a statutory period until April 18, 2025, subject to TSX Venture Exchange's final approval. The funds from this transaction are earmarked for exploring E2Gold's Hawkins project in northern Ontario.

The company is focusing its efforts on expanding the McKinnon Zone Inferred Resource within the Hawkins project. Situated 140 km east of the Hemlo Gold Mine, the project represents a significant part of E2Gold's exploration objectives, aiming to enhance its resource base.