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FREEGOLD ANNOUNCES CLOSING OF $16.5 MILLION BROKERED PRIVATE PLACEMENT FINANCING
FREEGOLD ANNOUNCES CLOSING OF $16.5 MILLION BROKERED PRIVATE PLACEMENT FINANCING Canada...
About this update from Freegold Ventures Limited
[{"type":"text","content":"\n \n \n \n FREEGOLD ANNOUNCES CLOSING OF $16.5 MILLION BROKERED PRIVATE PLACEMENT FINANCING\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n March 30, 2023\n \n \n /CNW/ - Freegold Ventures Limited (TSX: FVL) (\"\n \n Freegold\n \n \" or the \"\n \n Company\n \n \"), is pleased to announce that further to its news release of\n \n March 10, 2023\n \n , the Company has closed its upsized brokered private placement offering for aggregate gross proceeds of\n \n $16,524,000\n \n , which included the partial exercise of the over-allotment option (the \"\n \n Offering\n \n \"). Paradigm Capital acted as sole agent (the \"\n \n Agent\n \n \") on the Offering.\n \n \n In connection with the Offering, the Company entered into an agency agreement (the \"\n \n Agency Agreement\n \n \") dated\n \n March 30, 2023\n \n , between the Company and the Agent. In accordance with the Agency Agreement, 41,310,000 units of the Company (the \"\n \n Units\n \n \") were issued at a price of\n \n $0.40\n \n per Unit. Each Unit is comprised of one common share of the Company (a \"\n \n Unit Share\n \n \") and one-half of one common share purchase warrant of the Company (each whole warrant, a \"\n \n Warrant\n \n \"). Each Warrant is exercisable to acquire one common share of the Company (a \"\n \n Warrant Share\n \n \") for 24 months from today's date at an exercise price of\n \n $0.52\n \n per Warrant Share.\n \n \n The Company (i) paid to the Agents a cash commission equal to 7% of the gross proceeds, and (ii) issued to the Agent broker warrants (the \"\n \n Broker Warrants\n \n \") entitling the Agent, from time to time for a period of 24 months from the Closing Date, to acquire that number of common shares of the Company (the \"\n \n Broker Shares\n \n \") that is equal to 7% of the number of Units issued pursuant to the Offering (including pursuant to the exercise of the over-allotment option), at an exercise price of\n \n $0.47\n \n per Broker Share.\n \n \n Mr.\n \n Eric Sprott\n \n has invested\n \n $1.5 million...