Energold Drilling Corp. (TSXV:EGD) is seeking acquisitions. Energold Drilling is planning to raise CAD 13.5 million via issuance of three-year convertible debentures and plans to use part of proceeds for acquisitions too.

Energold Drilling Corp. said, "The proceeds were used to repay the previous convertible debentures of $10.0 million with the remainder to be used for, but limited to, bolt-on acquisitions and other expansion opportunities."