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Freegold Ventures Limited Announces $30 Million Brokered Private Placement Financing
Freegold Ventures Limited Announces $30 Million Brokered Private Placement Financing Cana...
About this update from Freegold Ventures Limited
[{"type":"text","content":"\n\n\nFreegold Ventures Limited Announces $30 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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\n/NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA/\nVANCOUVER, BC, Dec. 18, 2025 /CNW/ - Freegold Ventures Limited (TSX: FVL) (OTCQX: FGOVF) (the \"Company\" or \"Freegold Ventures\"), is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. (\"Paradigm\"), pursuant to which Paradigm will act as lead agent and sole bookrunner on behalf of a syndicate of agents (together with Paradigm, the \"Agents\") to be formed in connection with a proposed brokered \"best efforts\" private placement financing (the \"Offering\") for total gross proceeds of $30,000,100, consisting of 23,077,000 common shares of the Company (the \"Common Shares\") at a price of $1.30 per Common Share (\"Issue Price\").\nThe Company will grant the Agents an option (the \"Agents' Option\") to sell up to that number of additional Common Shares 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.\nThe net proceeds from the Offering will be used to complete a Pre-Feasibility Study for the Golden Summit Project, to support ongoing exploration, and for general corporate and working capital purposes. Management believes that these funds will further strengthen the Company's ability to advance the Golden Summit Project as it moves the project through the pre-feasibility stage.\nThe Common Shares will be offered for sale pursuant to Part 5A of National Instrument 45-106 - Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the \"Listed Issuer Financing Exemption\"), to purchasers resident in each of the p...