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FREEGOLD ANNOUNCES CLOSING OF $42 MILLION BROKERED PRIVATE PLACEMENT FINANCING
FREEGOLD ANNOUNCES CLOSING OF $42 MILLION BROKERED PRIVATE PLACEMENT FINANCING Canada N...
About this update from Freegold Ventures Limited
[{"type":"text","content":"\n\n\n\n FREEGOLD ANNOUNCES CLOSING OF $42 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 April 3, 2025\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 18, 2025\n \n , the Company has closed its upsized brokered private placement offering for aggregate gross proceeds of\n \n $41,975,805\n \n , which includes the exercise in full of the agent's option for additional gross proceeds of\n \n $5,475,105\n \n . Paradigm Capital acted as sole agent (the \"\n \n Agent\n \n \") on the Offering.\n \n\n\n\n\n\n\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 April 3, 2025\n \n , between the Company and the Agent. In accordance with the Agency Agreement, 49,383,300 units of the Company (the \"\n \n Units\n \n \") were issued at a price of\n \n $0.85\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 $1.30\n \n per Warrant Share. The Warrants are callable by the Company should the daily volume-weighted average trading price of the common shares of the Company on the Toronto Stock Exchange exceed\n \n $1.30\n \n for a period of twenty (20) consecutive trading days, at any time during the period (i) beginning on the date that is 6 months from the closing date of the Offering, and (ii) ending on the date the Warrants expire (the \"\n \n Call Trigger\n \n \"). Following a Call Trigger, the Company may give notice (the \"\n \n Call Notice\n \n \") to the holders of the Warrants (by disseminating a news release announcing the acceleratio...