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Freegold Ventures Limited Announces Upsized Brokered Private Placement Financing from $30 Million to Up to $50 Million
Freegold Ventures Limited Announces Upsized Brokered Private Placement Financing from $30 Million...
About this update from Freegold Ventures Limited
[{"type":"text","content":"\n\n\nFreegold Ventures Limited Announces Upsized Brokered Private Placement Financing from $30 Million to Up to $50 Million\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. 19, 2025 /CNW/ - Freegold Ventures Limited (TSX: FVL) (OTCQX: FGOVF) (the \"Company\" or \"Freegold Ventures\"), is pleased to announce that, as a result of strong investor demand, the Company has increased the size of its previously announced brokered \"best efforts\" private placement financing (as upsized, the \"Offering\") to up to 38,461,500 common shares of the Company (the \"Common Shares\") at a price of $1.30 per Common Share. The Offering will now be upsized for aggregate gross proceeds of up to $49,999,950 from $30,000,100, as was previously announced in the Company's news release dated December 18, 2025.  \n\n\n\n\n\n\n\nParadigm Capital Inc. (\"Paradigm\") is acting as lead agent and sole bookrunner under the Offering on behalf of a syndicate of agents (together with Paradigm, the \"Agents\"). In connection with the Offering, the Company will no longer be granting the Agents an option to sell up to that number of additional Common Shares equal to 15% of the base Offering size, as was previously announced in the Company's news release dated December 18, 2025, so as not to exceed capital raising limits under the Listing Issuer Financing Exemption (as defined below).\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 o...