Evolving Gold to Acquire Elephant Capital and Cebolleta Uranium Project

VANCOUVER, British Columbia, Oct. 29, 2021 (GLOBE NEWSWIRE) — Evolving Gold Corp. (the “ Company ”) (CSE: EVG) is pleased to announce that it has entered into a letter of intent (the “ Letter ”), dated effective October 26, 2021, pursuant to which it proposes to acquire (the “ Transaction ”) all of the outstanding share capital of Elephant Capital Corp. (“ Elephant Capital ”).

Elephant Capital is an arms’-length resource exploration company, established under the laws of the Province of British Columbia. Elephant Capital holds the rights to acquire all of the outstanding share capital of Cibola Resources LLC., which itself controls the rights to a lease of a mineral property comprising approximately 6,700 acres of mineral rights and 5,700 acres of surface rights located in west-central New Mexico and commonly referred to as the “Cebolleta Uranium Project” (the “ Project ” or “ Cebolleta ”). Cebolleta is an […]

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