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FREEGOLD VENTURES LIMITED. ANNOUNCES $30 MILLION BEST EFFORTS PRIVATE PLACEMENT FINANCING
FREEGOLD VENTURES LIMITED. ANNOUNCES $30 MILLION BEST EFFORTS PRIVATE PLACEMENT FINANCING ...
About this update from Freegold Ventures Limited
[{"type":"text","content":"\n\n\n\n FREEGOLD VENTURES LIMITED. ANNOUNCES $30 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 VANCOUVER, BC\n \n\n ,\n \n\n March 17, 2025\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 $ 30 million\n \n , consisting of up to 32,295,000 units of the Company (the \"\n \n Units\n \n \") at a price of\n \n $ 0.85\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 \").\n \n\n\n\n\n\n\n\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 $ 1.30\n \n per Warrant Share. The Warrants shall be 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 ...