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FAQ: ESGold Corp.'s $4.5M Flow-Through Private Placement and Company Overview
TL;DR
ESGold Corp. raised $4.5M to fund exploration, offering investors tax advantages and positioning for potential gold-silver production by 2026.
ESGold issued 5.3M flow-through shares at $0.85 each, with proceeds allocated to Quebec exploration under specific tax rules and a four-month hold period.
ESGold's clean mining model and sustainable growth strategy aim to create long-term value while advancing environmentally responsible resource development.
ESGold is building a dual-track mining platform with projects in Quebec and Colombia, targeting both immediate cash flow and future discoveries.
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ESGold Corp. has closed a non-brokered private placement of 5,300,000 flow-through shares at $0.85 per share, raising gross proceeds of $4,505,000 to fund exploration at its Montauban Property in Quebec.
The proceeds will fund exploration at the Montauban Property in Quebec and will be allocated to Qualifying Expenditures under federal and provincial tax rules, with amounts to be incurred by December 31, 2026 and renounced effective no later than December 31, 2025.
The company issued 5,300,000 flow-through shares at $0.85 per share, and all securities are subject to a four-month-and-one-day hold period ending April 9, 2026.
Red Cloud Securities acted as finder for the placement, and the company paid $315,350 in cash finder fees to them.
ESGold's flagship Montauban Gold-Silver Project in Quebec is under construction with production anticipated in 2026, and the company is also advancing a joint venture in Colombia for tailings reprocessing and exploration.
ESGold has a dual-track strategy of generating cash flow today while pursuing discovery tomorrow, building a platform for clean, sustainable growth and long-term shareholder value through a scalable clean mining model across North and South America.
Investors can contact ESGold Corp. at +1-888-370-1059, visit esgold.com for additional resources including past news releases and a 3D model of the Montauban processing plant, or access the latest news at https://ibn.fm/ESAUF.
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Curated from InvestorBrandNetwork (IBN)
