ESGold Corp. intends to raise up to C$2,975,000 through a non-brokered private placement of flow-through shares, with Red Cloud Securities acting as finder. The company plans to issue as many as 3.5 million flow-through shares priced at C$0.85 each, with all proceeds allocated to exploration at its Montauban Property in Quebec. According to the announcement, all funds will be directed toward Qualifying Expenditures under federal and provincial tax definitions, making this financing particularly attractive to investors seeking tax advantages while supporting mineral exploration.
The Montauban property, located 80 kilometers west of Quebec City, represents ESGold's flagship project and serves as a model for responsible mining practices. The company describes itself as a fully permitted, preproduction resource company at the forefront of clean mining and exploration innovation. This financing round, expected to close on or about December 8, 2025, subject to customary corporate and regulatory approvals, will help advance the property toward production and feasibility while maintaining sustainable resource recovery practices.
The significance of this announcement extends beyond the immediate capital raise. Quebec has emerged as a critical jurisdiction for mineral exploration, particularly for companies emphasizing environmental responsibility. ESGold's focus on combining near-term production with district-scale discovery potential at Montauban reflects broader industry trends toward sustainable development in mining regions. The flow-through structure of this private placement specifically incentivizes exploration spending, which could accelerate discovery timelines and resource definition at the property.
All securities issued through this placement will carry a four-month-plus-one-day hold period, standard for such transactions in Canadian markets. The company's news and updates relating to ESAUF are available in its newsroom at https://ibn.fm/ESAUF. This financing announcement was disseminated through Rocks & Stocks, a specialized communications platform within the Dynamic Brand Portfolio at IBN that delivers mining industry insights and corporate communications solutions. Additional information about the platform can be found at https://RocksAndStocks.news, with full terms of use and disclaimers available at https://RocksAndStocks.news/Disclaimer.
The private placement comes at a time when junior mining companies face increasing challenges in securing exploration capital. By utilizing the flow-through mechanism, ESGold can offer tax benefits to investors while ensuring dedicated funding for its Quebec exploration program. This approach demonstrates how mining companies are adapting financing strategies to advance projects in environmentally sensitive regions while meeting investor expectations for both financial returns and responsible development practices.
