ESGold Corp. has completed a non-brokered private placement, raising gross proceeds of C$3,453,940.38 through the issuance of over 16 million common shares and warrants. The financing will primarily fund mill circuit construction and final mobilization at the company's fully permitted Montauban Gold-Silver Project in Quebec.
The significant insider participation, totaling 1.25 million units, underscores management's confidence in the company's strategic approach to achieving near-term production and long-term exploration success. By securing this financing, ESGold positions itself to advance its flagship property located 80 kilometers west of Quebec City.
The Montauban project represents a critical opportunity for ESGold to demonstrate its commitment to responsible mining practices while developing a potentially valuable gold and silver resource. The financing enables the company to progress towards production, potentially creating economic value and showcasing sustainable resource recovery techniques.
This strategic investment highlights the ongoing interest in Quebec's mining sector and ESGold's potential to develop a productive mining operation with district-scale discovery potential. The successful financing signals investor confidence in the company's technical expertise and project development strategy.
