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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 13, 2012) - Evolving Gold Corp. (TSX:EVG)(OTCQX:EVOGF)(FRANKFURT:EV7) (the "Company") is pleased to announce that it has completed a non-brokered private placement (the "Offering") of 12,000,000 Units ("Units") at $0.30 per Unit for gross proceeds of $3,600,000 (the "Offering"). Each Unit consists of one common share of the Company and one common share purchase warrant ("a Warrant"). Each Warrant entitles the subscriber to acquire one additional common share of the Company at a price of $0.40 per common share until August 13th, 2015. |
