ESGold Corp. Secures $3.6 Million in Private Placement to Propel Montauban Project Forward
TL;DR
ESGold Corp. secures $3.6M in funding, offering investors a strategic entry into gold-silver project development with warrants exercisable at $0.91.
ESGold Corp. raised $3,649,171 through 5M units at $0.73 each, funding mill construction and project mobilization, with warrants valid for 18 months.
ESGold Corp.'s funding advances clean mining in Quebec, promoting sustainable resource recovery and responsible practices for a greener future.
Discover how ESGold Corp. leverages $3.6M to pioneer clean mining, turning the Montauban project into a model of innovation and sustainability.
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ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has announced the closure of an oversubscribed non-brokered private placement, raising $3,649,171. This financial achievement was realized through the issuance of nearly 5 million units, each priced at $0.73. The funding, supported by both existing and new strategic investors, is earmarked for the construction of a mill circuit, final mobilization efforts at the Montauban gold-silver project, and general working capital needs.
Each unit sold in the private placement includes a common share and a warrant, which can be exercised at $0.91 per share within an 18-month timeframe. Additionally, ESGold Corp. issued 226,863 finder’s warrants and disbursed $165,610 in finder’s fees as part of the transaction. This move underscores the company's commitment to advancing its flagship Montauban property, located 80 kilometers west of Quebec City, towards production and feasibility.
The Montauban project is not just a testament to ESGold Corp.'s dedication to responsible mining practices but also highlights the potential for sustainable resource recovery and exploration in the region. The successful private placement is a pivotal moment for the company, enabling it to further its objectives of delivering long-term value through innovative and environmentally conscious mining solutions.
For more details on the private placement and ESGold Corp.'s ongoing projects, interested parties can view the full press release here.
Curated from InvestorBrandNetwork (IBN)
