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FREEGOLD VENTURES LIMITED ANNOUNCES UPSIZE OF THE PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT TO $36.5 MILLION
FREEGOLD VENTURES LIMITED ANNOUNCES UPSIZE OF THE PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT TO $36.5...
About this update from Freegold Ventures Limited
[{"type":"text","content":"\n\n\n\n FREEGOLD VENTURES LIMITED ANNOUNCES UPSIZE OF THE PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT TO $36.5 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.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 18, 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 in connection with its previously-announced best efforts private placement offering (the \"\n \n Offering\n \n \"), the Company and Paradigm Capital Inc. (the \"\n \n Agent\n \n \"), have agreed to increase the size of the Offering. The Company will now issue up to 42,492,000 units of the Company (the \"\n \n Units\n \n \") at a price of\n \n $ 0.85\n \n per Unit (the \"\n \n Issue Price\n \n \") for total gross proceeds of up to\n \n $ 36,500,700\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 \").\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 n...