EnviroGold Global Ltd (ESGLF)

[jonno1]

With all the ISIS shit going on for the last few months none of the Kurdistan plays have done well obviously, but this announcement is encouraging although the Company still cannot give any news of what is happening from a drilling perspective

October 8, 2014 NEWS RELEASE NON-BROKERED PRIVATE PLACEMENT FINANCING Vancouver, BC, Canada – Range Energy Resources Inc. (the “Company”) (CSE: RGO) (FWB: YGK) is pleased to announce a non-brokered private placement of up to 20,000,000 units of the Company at a price of CDN$0.05 per Unit for gross proceeds of up to CDN$1,000,000 (the “Offering”). Each Unit will consist of one (1) common share (the “Common Share”) and one (1) transferrable share purchase warrant. Each warrant will entitle the holder thereof to purchase one (1) additional Common Share for a period of five (5) years from the Closing Date of the Offering at a price of CDN$0.05 per Common Share. The closing of the Offering is subject to receipt of all necessary regulatory and Board approvals. The securities issued pursuant to the Offering will be subject to a four month hold period in accordance with applicable Canadian securities laws. The Company anticipates that there will likely be insider participation in the Offering. The capital from the Offering will be used by the Company to continue to fulfill its obligations to joint venture participants so that the development of the Khalakan Block in the Kurdistan Region of Iraq can continue as well as provide general working capital.
Read more at http://www.stockhouse.com/companies/bullboard/c.rgo/range-energy-resources-inc#btJZqiJyyfg9My4z.99