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Freegold Ventures Limited Announces Closing of $50 Million Brokered Private Placement Financing
Freegold Ventures Limited Announces Closing of $50 Million Brokered Private Placement Financing ...
About this update from Freegold Ventures Limited
[{"type":"text","content":"\n\n\nFreegold Ventures Limited Announces Closing of $50 Million Brokered Private Placement Financing\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.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n\n\n\n\n\nCanada NewsWire\n\n\nVANCOUVER, BC, Jan. 6, 2026 /CNW/ - Freegold Ventures Limited (TSX: FVL) (OTCQX: FGOVF) (the \"Company\" or \"Freegold \"), is pleased to announce that further to its news release dated December 19, 2025, the Company has closed its upsized brokered private placement offering for aggregate gross proceeds of $49,999,950 (the \"Offering\"). Paradigm Capital Inc. (the \"Lead Agent\") acted as lead agent and sole bookrunner under the Offering on behalf of a syndicate of agents, including Stifel Nicolaus Canada Inc. (\"Stifel\" and together with the Lead Agent, the \"Agents\").\n\n\n\n\n\n\n\nIn connection with the Offering, the Company entered into an agency agreement (the \"Agency Agreement\") dated January 6, 2026, between the Company and the Agents. In accordance with the Agency Agreement, 38,461,500 common shares of the Company (\"Common Shares\") were issued at a price of $1.30 per Common Share.\nThe Company intends to use the net proceeds from the Offering to complete a Pre-Feasibility Study for the Golden Summit Project, to support ongoing exploration, and for general corporate and working capital purposes.\nCompletion of this financing marks a significant milestone for Freegold, demonstrating strong investor confidence and providing the capital needed to advance the Golden Summit Project. The successful closing reinforces the Company's commitment to advancing the Golden Summit Project. Significant progress has already been made on the pre-feasibility study through supporting work, and this recent financing round has provided the Company with additional resources to aggressively advance the Golden Summit Project.\nWith substantial funding now secured, Freegold is well positioned to expedite completion of the pre-feasibility study by early 2027 and to expand exploration east of the current resource zone, aiming to unlock further value from ...