Business
ESGold Announces the Closing of its Brokered LIFE Offering for Gross Proceeds of C$7.2 Million
Vancouver, British Columbia--(Newsfile Corp. - March 10, 2026) - ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (FSE: Z7D) ("ESGold" or the "Company") is pleased to an
About this update from Esgold Corp
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - March 10, 2026) - ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (FSE: Z7D) (\"ESGold\" or the \"Company\") is pleased to announce the closing of its previously announced \"best efforts\" private placement (the \"Offering\") for gross proceeds of C$7,264,440, which includes the partial exercise of the agent's option. Pursuant to the Offering, the Company sold 10,683,000 units of the Company (the \"Units\") at a price of C$0.68 per Unit (the \"Offering Price\"). Red Cloud Securities Inc. (\"Red Cloud\") acted as sole agent and bookrunner in connection with the Offering. Each Unit consists of one common share of the Company (each, a \"Common Share\") and one-half of one common share purchase warrant (each, a \"Warrant\"). Each Warrant entitles the holder thereof to purchase one Common Share at a price of C$1.00 at any time on or before March 10, 2029. The Company intends to use the net proceeds from the Offering for the advancement of the Company's flagship Montauban Project in Québec as well as for general working capital and corporate purposes, as is more fully described in the Amended Offering Document (as defined herein). In accordance with National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\"), the Units were issued to Canadian purchasers pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the \"Listed Issuer Financing Exemption\"). The securities issuable from the Units issued to Canadian purchasers are immediately freely tradeable in accordance with applicable Canadian securities legislation. As consideration for their services, Red Cloud received a cash fee of C$406,531and 597,840 non-transferable common share purchase warrants (the \"Broker Warrants\"). Each Broker Warrant is exercisable into one Common Share at the Offering Price at any time on or before March 10, 2029. The Broker Warrants and any Common Shares issuable upon any future exercise of the Broker Warrants will be subject to a hold period in Canada in accordance with applicable Canadian securities law, expiring on July 11, 2026. There is an amended and restated offering document (the \"Amended Offering Document\") related to the Offering that can be accessed ...