Business
ESGold Corp. Announces Closing of Over-Subscribed Private Placement
Vancouver, British Columbia--(Newsfile Corp. - June 25, 2025) - ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (FSE: Z7D) ("ESGold" or the "Company") announces that further to its news release dated June 16, 2024, it has closed a non-brokered private placement (the "Offering") of 4,998,865 units (the "Units") at a price of $0.73 per Unit, for aggregate gross proceeds of $3,649,171. "Management would like to thank all who participated in the private placement. This Offering was ...
About this update from Esgold Corp
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - June 25, 2025) - ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (FSE: Z7D) ("ESGold" or the "Company") announces that further to its news release dated June 16, 2024, it has closed a non-brokered private placement (the "Offering") of 4,998,865 units (the "Units") at a price of $0.73 per Unit, for aggregate gross proceeds of $3,649,171.","length":427,"tagName":"p"},{"type":"text","content":""Management would like to thank all who participated in the private placement. This Offering was over-subscribed by more than 11% as a direct result of large investments by existing shareholders and new strategic investors who recognized that ESGold is focused and on track to production in the very near future," explained Paul Mastantuono, CEO and Director of ESGold.","length":379,"tagName":"p"},{"type":"text","content":"Each Unit consisted of one common share in the capital of the Company (the "Shares") and one common share purchase warrant (the "Warrants"). Each Warrant will entitle the holder to acquire one common Share (the "Warrant Shares") at an exercise price of $0.91 per common Share for a period of eighteen (18) months from the closing date.","length":365,"tagName":"p"},{"type":"text","content":"In connection with the Financing, the Company will pay a cash finder's fee of $165,610 and issue 226,863 finder's warrants (the "Finder's Warrants"). The Finder's Warrants will be exercisable into common shares for a period of eighteen (18) months from the closing date at an exercise price of $0.91 per common share.","length":343,"tagName":"p"},{"type":"text","content":"All securities issued in connection with the Offering or subject to a restricted hold period of four months and one day from the date of closing of the Offering under applicable securities legislation.","length":201,"tagName":"p"},{"type":"text","content":"The Company intends to use the proceeds raised from the Offering for mill circuit construction and related assembly, final project mobilization for the Montauban gold-silver project and general working capital requirements.","length":223,"tagName":"p"},{"type":"text","content":"The securities issued pursuant to the Offering have not, nor will they be registered under the U...