Business
ESGold Corp. Secures $3.3 Million Financing to Advance into Near-Term Gold Production
Vancouver, British Columbia--(Newsfile Corp. - June 23, 2025) - ESGold Corp. (CSE: ESAU) (OTCQB: SEKZF) (FSE: Z7D) ("ESGold" or the "Company") is pleased to announce the successful completion of a non-brokered private placement (the "Offering"), which was conditionally reserved with the Canadian Securities Exchange (the "CSE") on June 15, 2025. The Offering consisted of 4,541,845 units (the "Units") at a price of $0.73 per Unit, for gross proceeds of $3,315,547.The financing saw strong continued
About this update from Esgold Corp
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - June 23, 2025) -  ESGold Corp. (CSE: ESAU) (OTCQB: SEKZF) (FSE: Z7D) ("ESGold" or the "Company") is pleased to announce the successful completion of a non-brokered private placement (the "Offering"), which was conditionally reserved with the Canadian Securities Exchange (the "CSE") on June 15, 2025. The Offering consisted of 4,541,845 units (the "Units") at a price of $0.73 per Unit, for gross proceeds of $3,315,547.","length":532,"tagName":"p"},{"type":"text","content":"The financing saw strong continued support from existing investors, including key stakeholders as well as New York-based hedge funds and family offices. Their ongoing participation highlights the growing institutional confidence in ESGold's clean production model and its near-term exploration potential.","length":308,"tagName":"p"},{"type":"text","content":""This financing marks a critical milestone for ESGold," said Paul Mastantuono, CEO of ESGold Corp. "With construction now underway, we are entering the final stages before initiating production. Together with our partners, we are building ESGold into Canada's next producing mining company."","length":315,"tagName":"p"},{"type":"text","content":"Each Unit in the Offering consists of one common share in the capital of the Company (a "Common Share") and one transferrable common share purchase warrant (a "Warrant"). Each whole warrant entitles the holder to purchase one additional common share of the Company at an exercise price of $0.91 per share price for a period of 18 months from the date of closing.","length":382,"tagName":"p"},{"type":"text","content":"In connection with the financing, the company will pay a cash finder's fee of C$150,930 and issue 206,755 finders' warrants. The finders' warrants will be exercisable into common shares for a period of 18 months from the date of closing at an exercise price of C$0.91 cents per common share.","length":303,"tagName":"p"},{"type":"text","content":"All securities issued in connection with the offering are subject to a restricted hold period of four months and one day from the date of closing of the offering under applicable securities legislation. The Offering is subject to CSE approval, and th...