ESGold Corp. Announces C$2.98 Million Private Placement for Quebec Exploration

ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) announced plans to raise up to C$2,975,000 through a non-brokered private placement of flow-through shares. The company intends to issue as many as 3.5 million flow-through shares priced at C$0.85 each, with Red Cloud Securities acting as finder for the offering.

The proceeds from this financing will be allocated exclusively to exploration activities at ESGold's Montauban Property in Quebec. According to the company, all funds will be directed toward Qualifying Expenditures as defined under federal and provincial tax regulations, allowing investors to benefit from flow-through tax deductions.

This capital raise represents a significant commitment to advancing exploration in Quebec's mining sector. The Montauban property, located approximately 80 kilometers west of Quebec City, serves as ESGold's flagship project and is positioned as a model for responsible mining practices. The company describes the property as combining near-term production potential with district-scale discovery opportunities.

The private placement is expected to close on or about December 8, 2025, subject to customary corporate and regulatory approvals. All securities issued through this offering will carry a standard four-month-plus-one-day hold period, restricting their resale during that timeframe.

For investors seeking additional information about ESGold Corp., the company maintains a newsroom at https://ibn.fm/ESAUF where updates are regularly posted. The full press release detailing this financing announcement can be accessed at https://ibn.fm/rE3r5.

This financing announcement comes through Rocks & Stocks, a specialized communications platform focused on the mining industry that operates within the Dynamic Brand Portfolio at IBN. The platform provides various corporate communications services including press release distribution and content syndication. More information about Rocks & Stocks is available at https://RocksAndStocks.news, and their complete terms of use and disclaimers can be reviewed at https://RocksAndStocks.news/Disclaimer.

The significance of this financing extends beyond ESGold's immediate exploration plans. Flow-through share offerings represent an important mechanism for funding mineral exploration in Canada, allowing companies to transfer tax deductions to investors while raising capital for qualifying exploration expenses. This structure has been instrumental in supporting mineral discovery and development across Canada's mining regions.

For the mining industry, successful financings like this one indicate continued investor confidence in exploration projects despite broader market uncertainties. The allocation of funds specifically to Quebec-based exploration also highlights the ongoing importance of the province as a mining jurisdiction with established infrastructure, skilled workforce, and supportive regulatory frameworks.

The timing of this announcement, with closing anticipated in late 2025, provides ESGold with a clear capital runway for its exploration programs. This financial planning allows the company to systematically advance its technical work while maintaining compliance with securities regulations and providing transparency to investors through established communication channels.