Business
FREEGOLD VENTURES LIMITED ANNOUNCES UPSIZE OF PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT TO $10 MILLION
FREEGOLD VENTURES LIMITED ANNOUNCES UPSIZE OF PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT TO $10 MILLI...
About this update from Freegold Ventures Limited
[{"type":"text","content":"\n \n \n \n FREEGOLD VENTURES LIMITED ANNOUNCES UPSIZE OF PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT TO $10 MILLION\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.prntal{\nTEXT-ALIGN: LEFT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n \n \n \n \n \n \n Canada NewsWire\n \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 \n VANCOUVER, BC\n \n \n ,\n \n \n March 8, 2024\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, due to investor demand, the Company and Paradigm Capital Inc. (the \"\n \n Agent\n \n \") have agreed to increase the size of Freegold Ventures' previously-announced best efforts private placement offering (the \"\n \n Offering\n \n \"). The amended Offering is now for 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 (the \"\n \n Issue Price\n \n \") for total gross proceeds of\n \n $10,000,000\n \n . 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 net proceeds from the Offering will be used for general corporate and working capital purposes.\n \n \n The Units will be offered for sale in each of the provinces of\n \n Canada\n \n , other than\n \n Quebec\n \n , pursuant to the listed issuer financing exemption (the \"\n \n Listed Issuer Financing Exemption\n \n \") under Part 5A of National Instrument 45-106 –\n \n Prospectus Exemptions\n \n . The C...