News

Electra Announces Closing of Second Tranche of Non-Brokered Private Placement

December 1st, 2014

Vancouver, B.C., December 1, 2014 – Electra Gold Ltd. (TSX-V: ELT) (“Electra” or the “Company”) has closed the second tranche of its previously announced non-brokered private placement (the “Private Placement”), issuing 3,400,000 units (the “Units”) at $0.05 per Unit for gross proceeds of $170,000, each Unit consisting of one common share of the Company and one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the Company at a price of $0.10 per share for a period of 24 months.

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Red Star Announces Transaction with Electra Gold

October 1st, 2014

Vancouver, B.C., October 6, 2014 – Red Star Capital Ventures Inc. (NEX: RSM.H) (“Red Star” or the “Company”), a capital pool company under the rules of the TSX Venture Exchange (the “Exchange”) is pleased to announce that it has entered into a letter of intent dated October 3, 2014 (the “LOI”) with Electra Gold Ltd. ( “Electra”), for the participation by Red Star in a private placement announced by Electra in a news release dated October 1, 2014 (the “Private Placement”).

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John Costigan Appointed President and Director of Electra Gold Ltd.

September 30th, 2014

Vancouver, British Columbia - Electra Gold Ltd. (TSX Venture: ELT) ("Electra Gold") is pleased to announce the appointment of John Costigan as President and Director of the Company.

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Electra Gold Ltd. Completes Debt Settlement

September 29th, 2014

September 29th, 2014 - Electra Gold Ltd. (TSXv: ELT) (the “Company” or “Electra Gold”) announces that the TSX Venture Exchange (the “Exchange”) has approved a debt settlement agreement of $1,218,953.20 by the issuance of 24,000,000 common shares.

Electra Gold entered into a Debt Settlement Agreement with each of the creditors to settle the debt through the issuance of 24,000,000 common shares. All of the shares issuable under the settlement agreement have been escrowed in accordance with Section 6.62 of Exchange Policy 5.4: Escrow, Vendor Consideration and Resale Restrictions.

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