Energold Drilling Corp. Completes $13.5 Million Private Placement of Secured Convertible Debentures

On July 21, 2014, Energold  Drilling Corp., a leading global specialty drilling company that services the mining, energy, infrastructure, water and manufacturing sectors in 27 countries, completed a non-brokered private placement whereby they issued $13.5 million principal amount of secured convertible debentures ("Debentures") for a term of three years. The Debentures bear interest at a rate of 12.85% and are convertible into common shares of Energold at a conversion price of $3.00 per common share.

The Norton Rose Fulbright team acted on the offering.  The team was led by Marlene Stewart and included Nathan Hillier and Zahra Allidina.