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FREEGOLD ANNOUNCES CLOSING OF $4 MILLION NON-BROKERED PRIVATE PLACEMENT FINANCING
FREEGOLD ANNOUNCES CLOSING OF $4 MILLION NON-BROKERED PRIVATE PLACEMENT FINANCING Canad...
About this update from Freegold Ventures Limited
[{"type":"text","content":"\n \n \n \n FREEGOLD ANNOUNCES CLOSING OF $4 MILLION NON-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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n April 12, 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 it has closed a non-brokered private placement offering of 10,000,000 units of the Company (the \"\n \n Units\n \n \") at a price of\n \n $0.40\n \n per Unit for aggregate gross proceeds of\n \n $4,000,000\n \n (the \"\n \n Offering\n \n \"). 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 closing at an exercise price of\n \n $0.52\n \n per Warrant Share.\n \n \n The Company paid a cash finder's fee equal to 3% of the gross proceeds of the Offering.\n \n \n Mr.\n \n Eric Sprott\n \n , through an entity owned and controlled by him, purchased an aggregate of 10,000,000 Units in the Offering, representing 100% of the Units issued under the Offering.\n \n \n Prior to the Offering, Mr. Sprott held, directly or indirectly, an aggregate of 104,103,056 common shares of the Company and 1,875,000 warrants of the Company, representing 25.42% of the Company's issued and outstanding shares on a non-diluted basis and 25.76% of the Company's issued and outstanding shares on a partially diluted basis. Immediately following completion of the Offering, Mr. Sprott held, directly or indirectly, an aggregate of 114,103,056 common shares of the Company and 6,875,000 warrants of the Company, representing 27.20% of the Company's issued and outstanding shares on a non-diluted basis, and 28.37...