ESGold Announces Upsize of Brokered LIFE Offering for Gross Proceeds of up to C$6.5 Million

About this update from Esgold Corp

[{"type":"text","content":"THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES","length":109,"tagName":"p","attribs":{}},{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - September 8, 2025) - ESGold Corp. (CSE: ESAU) (FSE: Z7D) ("ESGold" or the "Company") is pleased to announce that as a result of strong investor demand, the Company has increased the size of its previously announced "best efforts" private placement (the "Marketed Offering") for gross proceeds of up to C$5,000,000 to gross proceeds of up to C$6,500,000. The upsized Marketed Offering is comprised of the sale of up to 8,666,667 units of the Company (each, a "Unit") at a price of C$0.75 per Unit (the "Offering Price"). Red Cloud Securities Inc. (the "Agent") is acting as sole agent and bookrunner in connection with the Offering (as herein defined).","length":768,"tagName":"p"},{"type":"text","content":"Each Unit will consist of one common share of the Company (each, a "Common Share") and one common share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share (a "Warrant Share") at a price of C$1.10 at any time on or before that date which is 36 months following the Closing Date (as herein defined).","length":388,"tagName":"p"},{"type":"text","content":"The Company also grants the Agent an option, exercisable in full or in part up to 48 hours prior to the closing of the Marketed Offering, to sell up to an additional 2,000,000 Units at the Offering Price for additional gross proceeds of up to C$1,500,000 (the "Agent's Option"). The Marketed Offering and the securities issuable upon exercise of the Agent's Option shall be collectively referred to as the "Offering".","length":445,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds of 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).","length":281,"tagName":"p"},{"type":"text","content":"Subject to compliance with applicable regulatory requirements and in accordance with N...

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