---
schema_version: "secwatch.filing_event.v1"
accession: "0001640334-23-001290"
form_type: "8-K"
ticker: "ELRE"
cik: "0001438461"
company_name: "Yinfu Gold Corp."
filed_at: "2023-07-14T23:59:59+00:00"
generated_at: "2026-06-13T08:09:10.212219+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Yinfu Gold raises $120,000 through private placement of 120M shares

## Summary
- Raised $120,000 cash via 120M common shares at $0.001 each; proceeds for working capital.
- Shares subject to 1-year lock-up; issued to seven subscribers including Bo Shaorong, Chen Qiang, LAI Hai Ying.
- Largest subscribers: Chen Qiang (59.8M shares, $59,800) and Bo Shaorong (28.4M shares, $28,400).
- Placement price at par value; shares trade OTC under ticker ELRE.
- Private placement deemed successful as proceeds met 70% threshold (actual $120k vs $120k target).

## SEC filing metadata
- accession: 0001640334-23-001290
- form_type: 8-K
- ticker: ELRE
- cik: 0001438461
- company_name: Yinfu Gold Corp.
- filed_at: 2023-07-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1438461/000164033423001290/0001640334-23-001290-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1438461/000164033423001290/elre_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001640334-23-001290
- JSON: https://secwatch.observer/filing/0001640334-23-001290.json
- Plain text: https://secwatch.observer/filing/0001640334-23-001290.txt

## Key facts
- Material Agreements
  Yinfu Gold Corp. entered into Subscription Agreements for Placement of Shares with Bo Shaorong, Chen Qiang, Wang Xian, Liu Leigang, Sun Ming, Bai Chengwei, LAI Hai Ying valued at $120,000 (effective 2023-02-14).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Bo Shaorong, Chen Qiang, Wang Xian, Liu Leigang, Sun Ming, Bai Chengwei, LAI Hai Ying
  - Value: $120,000
  - Effective: 2023-02-14
  source text: On February 14, 2023, the Company entered into Subscription Agreements for Placement of Shares with the seven targeted subscribers pursuant to the above Resolutions.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1438461/000164033423001290/0001640334-23-001290-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.