Received by email:
File: 14-10-1 ELT Private Placement Announcement.docx
/
October 1stxx, 2014
TSX.V Symbol: ELT
Electra Announces Non-Brokered Private Placement
Vancouver, British Columbia - Electra Gold Ltd. (TSX Venture: ELT) ("Electra Gold") is pleased to announce ") is pleas
--->ed to announce a non-brokered private placement (the "Private Placement") of up to 10,000,000 units (the "Units") at a
---> subscription price of $0.05 per Unit to eligible subscribers for gross proceeds of up to $500,000.
Each Unit will consist of one common share and one share purchase warrant (the "Warrant"). Each Warrant will be exerc
--->isable into one additional common share (the "Warrant Share") of the Company at $0.10 per Warrant Share for a period o
--->f two years from the closing of the Private Placement.
The common shares issued or issuable pursuant to the Private Placement will be restricted from trading for a four mont
--->h hold period in accordance with applicable securities laws and policies of the TSX Venture Exchange (the "Exchange"),
---> if required, the policies of the Exchange. Completion of the offering Private Placement is subject to a number of con
--->ditions, including, without limitation, receipt of all regulatory approvals, including approval of the eExchange.
The net proceeds of this the Pprivate pPlacement are will be used to advance for the Company's operations and for gene
--->ral and corporate purposes.
About Electra Gold
Electra Gold Ltd. was incorporated in 1976 and has since September 2003 been in continuous production with a cement ra
--->w material operation on North Vancouver Island and operated the Aurora Gold Mine in Nevada in the 1990's. Electra also
---> has a portfolio of promising gold properties in BC, Ontario and Quebec.
For further information on Electra Gold Ltd. please visit www.electragoldltd.com
Or contact: Tyler Lowes 604-681-1568.
On behalf of the Board of Directors,
"John Costigan"
President and Director.
Forward Looking Statement
This document may contain or refer to forward-looking information based on current expectations, including, but not li
--->mited to timing of mineral resource estimates, future exploration or project development programs and the impact on th
--->e Company of these events. Forward -looking statements in this news release include completion of a financing and the
---> issuance of securities. Forward information is subject to significant risks and uncertainties, as actual results may
--->differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assum
--->e no responsibility to update, or revise them to reflect new events or circumstances. For a detailed list of risks an
--->d uncertainties as it relates to Electra Gold Ltd., please refer to the Company's 2013 Annual Financials filed with SE
--->DAR.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the conte
--->nts herein.
File: 14-10-1 ELT Private Placement Announcement.pdf
October 1st, 2014
TSX.V Symbol: ELT
Electra Announces Non-Brokered Private Placement
Vancouver, British Columbia - Electra Gold Ltd. (TSX Venture: ELT) ("Electra Gold") is pleased
to announce a non-brokered private placement (the "Private Placement") of up to 10,000,000
units (the "Units") at a subscription price of $0.05 per Unit to eligible subscribers for gross
proceeds of up to $500,000.
Each Unit will consist of one common share and one share purchase warrant (the "Warrant").
Each Warrant will be exercisable into one additional common share (the "Warrant Share") of the
Company at $0.10 per Warrant Share for a period of two years from closing of the Private
Placement.
The common shares issued or issuable pursuant to the Private Placement will be restricted from
trading for a four month hold period in accordance with applicable securities laws and policies of
the TSX Venture Exchange (the "Exchange"). Completion of the Private Placement is subject to
a number of conditions, including, without limitation, receipt of all regulatory approvals, including
approval of the Exchange.
The net proceeds of the Private Placement will be used to advance the Company's operations
and for general and corporate purposes.
About Electra Gold
Electra Gold Ltd. was incorporated in 1976 and has since September 2003 been in continuous
production with a cement raw material operation on North Vancouver Island and operated the
Aurora Gold Mine in Nevada in the 1990's. Electra also has a portfolio of promising gold properties
in BC, Ontario and Quebec.
For further information on Electra Gold Ltd. please visit www.electragoldltd.com
Or contact: Tyler Lowes 604-681-1568.
On behalf of the Board of Directors,
"John Costigan"
President and Director.
1450 � 789 West Pender Street, Vancouver, BC V6C 1H2
Phone: 604-681-1568 Fax: 604-681-8240
Forward Looking Statement
This document may contain or refer to forward-looking information based on current expectations, including,
but not limited to timing of mineral resource estimates, future exploration or project development programs
and the impact on the Company of these events. Forward �looking statements in this news release include
completion of a financing and the issuance of securities. Forward information is subject to significant risks
and uncertainties, as actual results may differ materially from forecasted results. Forward-looking
information is provided as of the date hereof and we assume no responsibility to update, or revise them to
reflect new events or circumstances. For a detailed list of risks and uncertainties as it relates to Electra
Gold Ltd., please refer to the Company's 2013 Annual Financials filed with SEDAR.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or
accuracy of the contents herein.
1450 � 789 West Pender Street, Vancouver, BC V6C 1H2
Phone: 604-681-1568 Fax: 604-681-8240
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