ESGold Corp. Increases Private Placement to $4.5 Million for Quebec Exploration
TL;DR
ESGold Corp. increased its private placement to $4.5 million, offering investors early access to flow-through shares for tax advantages and funding exploration at its Quebec property.
ESGold Corp. plans to issue up to 5.3 million flow-through shares at $0.85 each through Red Cloud Securities, with proceeds funding exploration at the Montauban Property under tax rules.
ESGold Corp.'s funding supports clean mining innovation and sustainable resource recovery at its Quebec property, advancing responsible practices for long-term environmental and community value.
ESGold Corp.'s Montauban property near Quebec City combines near-term production with district-scale discovery potential, showcasing modern mining innovation in a fully permitted operation.
Found this article helpful?
Share it with your network and spread the knowledge!
ESGold Corp. has increased the maximum gross proceeds of its planned non-brokered private placement to $4,505,000 following strong investor interest. The company now offers up to 5.3 million flow-through shares at $0.85 each, with Red Cloud Securities serving as exclusive finder for the offering.
The proceeds will be directed toward exploration activities at the company's Montauban Property in Quebec. These funds will be allocated to Qualifying Expenditures under both federal and provincial tax rules, providing tax benefits to investors through the flow-through share structure. The closing of the private placement is expected on or about December 8, 2025, subject to regulatory approvals, with all securities carrying a four-month-plus-one-day hold period.
This capital raise is significant for ESGold's exploration program in Quebec, where the company has established expertise in resource development. The Montauban property, located 80 kilometers west of Quebec City, represents the company's flagship project and serves as a model for responsible mining practices according to company statements. The property combines near-term production potential with district-scale discovery opportunities.
The increased placement size reflects growing investor confidence in ESGold's exploration strategy and the potential of Quebec's mining sector. Flow-through shares are particularly attractive to investors seeking exposure to mineral exploration while benefiting from tax incentives designed to stimulate investment in the resource sector. The involvement of Red Cloud Securities as exclusive finder indicates institutional support for the offering.
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 details of the private placement announcement are available through the company's press release at https://ibn.fm/CShtE. This financing development comes as ESGold positions itself as a fully permitted, preproduction resource company focused on clean mining and exploration innovation in Quebec.
The successful increase in placement size demonstrates market recognition of ESGold's approach to sustainable resource recovery and exploration. As the company advances its projects toward production and feasibility studies, this additional capital will support continued exploration activities that could lead to resource definition and eventual mine development. The timing of the closing, set for late 2025, provides ESGold with capital to execute its exploration plans while navigating regulatory requirements and market conditions.
Curated from InvestorBrandNetwork (IBN)
