ESGold Corp. Secures $3.6 Million in Oversubscribed Private Placement for Montauban Project
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 successfully closed an oversubscribed non-brokered private placement, raising a total of $3,649,171. This financial achievement was realized through the issuance of nearly 5 million units, each unit priced at $0.73, comprising a common share and a warrant exercisable at $0.91 for a period of 18 months. The funds garnered from this placement are designated for several key initiatives, including the construction of a mill circuit, the final mobilization at the Montauban gold-silver project, and bolstering the company's general working capital.
The private placement attracted investments from both existing and new strategic investors, highlighting the strong confidence in ESGold Corp.'s strategic direction and the promising prospects of the Montauban project. In conjunction with the financing, the company issued 226,863 finder’s warrants and disbursed $165,610 in finder’s fees, further solidifying the financial and strategic framework surrounding this endeavor.
Located 80 kilometers west of Quebec City, the Montauban project stands as a cornerstone for ESGold Corp., embodying the company's dedication to responsible mining practices. This project not only aims for near-term production but also harbors the potential for district-scale discoveries, reflecting ESGold Corp.'s commitment to sustainable resource recovery and exploration. For more information on the private placement and the Montauban project, the full press release can be accessed here.
Curated from InvestorBrandNetwork (IBN)
