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Evolving Gold Corp. closes Shares for Debt Private Placement |
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Vancouver, British Columbia, May 25, 2005: Evolving Gold Corp. (CNQ:GOLD) is pleased to announce that it has closed the Shares for Debt Private Placement announced on May 16, 2005 comprising of 432,742 units for a value of $285,610.40 CDN. Each unit is comprised of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one common share of the Company for a period of two years, at a price of $0.82. Shares issued pursuant to the Private Placement, as well as any shares issued pursuant to the exercise of the warrants, are subject to a four-month hold expiring September 26, 2005. On behalf of the Board of Directors Lawrence A. Dick, President and CEO |
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