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$EVLLF NEWS! EnviroLeach Announces Increase in Private Placement

Wed, December 2, 2020, 2:45 PM

VANCOUVER, BC / ACCESSWIRE / December 2, 2020 / EnviroLeach Technologies Inc., ("EnviroLeach"), (CSE:ETI) (OTCQB:EVLLF) (7N2:FSE) is pleased to announce that due to investor demand it has increasd the size of its previously announced non-brokered private placement financing (see news release dated November 27, 2020) from 10,000,000 units to 17,500,00 units at a price of $0.30 per unit for gross proceeds of up to $5,250,000. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.50 per share for a period of twenty-four months from the date of closing.

The proceeds of the Private Placement will be used for the acquisition of feedstock for EnviroLeach's printed circuit board assembly processing facility and general working capital. The Company may pay fees and issue share purchase warrants to certain finders equal to 7% of gross proceeds. The securities issued in connection with the Private Placement will be subject to a hold period of 4 months from the date of issuance. The Private Placement is expected to close on or before December 15, 2020 and is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals by the applicable securities regulatory authorities including the Canadian Securities Exchange.

Certain directors and officers of the Company intend to purchase units under the Private Placement.

https://finance.yahoo.com/news/enviroleach-announces-increase-private-placement-134500187.html