Energold completes $15 million bought deal private placement

On May 15, 2007, diamond drilling company Energold Drilling Corp. announced that it had completed its previously announced private placement financing. A total of 6,830,000 units of Energold were issued pursuant to an underwriting agreement between Energold and Clarus Securities Inc. at a price of $2.20 per unit for aggregate gross proceeds of $15,026,000, including 1,370,000 Units that were issued pursuant to the exercise in full by Clarus of an underwriter's option.

Clarus was advised in this transaction by Rob Mason and Karoline Kralka of Fasken Martineau.