secwatch.observer — SEC 8-K summary
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Issuer:     Yinfu Gold Corp. (ELRE)
CIK:        0001438461
Form:       8-K
Filed at:   2023-07-14T23:59:59+00:00
Accession:  0001640334-23-001290
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Yinfu Gold raises $120,000 through private placement of 120M shares
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1438461/000164033423001290/0001640334-23-001290-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1438461/000164033423001290/elre_8k.htm
  HTML page:      https://secwatch.observer/filing/0001640334-23-001290

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer