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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 19, 2013) - Evolving Gold Corp. (TSX:EVG) (OTCQX:EVOGF) (FRANKFURT:EV7) (the "Company") announces that it has arranged a non-brokered private placement (the "Private Placement") which will raise gross proceeds of up to $300,000 (the "Gross Proceeds"). Specifically, the Company will issue up to 6,000,000 units ("Units") at $0.05 with each Unit consisting of one common share in the capital of the Company ("Common Share") and one Common Share purchase warrant ("Warrant"), with each whole Warrant being exercisable for the purchase of an additional Common Share for a period of three years from closing at $0.08 per Common Share. In accordance with applicable securities legislation, the securities issued in the Private Placement will be subject to a statutory hold period. |
