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FREEGOLD VENTURES LIMITED. ANNOUNCES $10 MILLION BEST EFFORTS PRIVATE PLACEMENT FINANCING
FREEGOLD VENTURES LIMITED. ANNOUNCES $10 MILLION BEST EFFORTS PRIVATE PLACEMENT FINANCING ...
About this update from Freegold Ventures Limited
[{"type":"text","content":"\n \n \n \n FREEGOLD VENTURES LIMITED. ANNOUNCES $10 MILLION BEST EFFORTS 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 RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO\n \n THE UNITED STATES OF AMERICA\n \n OR TO ANY PERSON LOCATED OR RESIDENT IN\n \n THE UNITED STATES OF AMERICA\n \n , ITS TERRITORIES AND POSSESSIONS, ANY\n \n STATE OF THE UNITED STATES\n \n OR THE\n \n DISTRICT OF COLUMBIA\n \n ./\n \n \n \n \n TORONTO\n \n \n ,\n \n \n March 9, 2023\n \n \n /CNW/ - Freegold Ventures Limited (TSX: FVL) (the \"\n \n Company\n \n \" or \"\n \n Freegold Ventures\n \n \"), is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. (the \"\n \n Agent\n \n \"), in connection with a proposed best efforts private placement financing (the \"\n \n Offering\n \n \") for total proceeds of up to approximately\n \n $10 million\n \n , consisting of up to 25,000,000 units of the Company (the \"\n \n Units\n \n \") at a price of\n \n $0.40\n \n per Unit. Each Unit will be 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 will be exercisable to acquire one common share of the Company (a \"\n \n Warrant Share\n \n \") for 24 months from the Closing Date at an exercise price of\n \n $0.52\n \n per Warrant Share.\n \n \n The Company will grant the Agent an option (the \"\n \n Agent's Option\n \n \") to sell up to that number of additional Units equal to 15% of the base Offering size, exercisable, by notice in writing to the Company, at any time not less than 48 hours prior to the Closing Date.\n \n \n The Agent will be paid by the Company on closing of the Offering a cash commission equal to 7% of the gross proceeds of the Offering including on any exercise of the Agent's Option. In addition, the Company shall grant the Agent on closing of the Offering, broker warrants (the \"\n \n Broker Warra...