TORONTO, Dec. 30, 2020 (GLOBE NEWSWIRE) — E2Gold Inc. (TSXV: ETU) (the “Company” or “E2Gold”) is pleased to announce that it has completed an oversubscribed initial public offering (the “Offering”) pursuant to which it has issued (i) an aggregate of 10,961,500 units (“Units”) at a price of $0.20 per Unit; and (ii) an aggregate of 5,421,100 “flow through” units (“FT Units”) at a price of $0.22 per FT Unit, to raise aggregate gross proceeds of $3,384,942, with a lead order from Palisades Goldcorp Ltd. (“Palisades”), all pursuant to a final prospectus of the Company dated December 21, 2020 (the “Final Prospectus”).