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FAQ: ESGold Corp.'s C$4.5 Million Flow-Through Private Placement for Montauban Exploration
TL;DR
ESGold Corp.'s increased private placement offers investors early access to potentially significant gold discoveries at the Montauban Property, providing a competitive edge in mineral exploration.
ESGold Corp. will issue up to 5.3 million flow-through shares at $0.85 each to raise C$4.5 million, directing proceeds to systematic exploration of its Quebec property.
ESGold Corp.'s exploration funding advances responsible mineral development in Quebec, potentially creating sustainable economic opportunities while uncovering valuable resources for future generations.
Recent geological modeling revealed ESGold Corp.'s Montauban Property may be part of a much larger gold district than previously recognized, transforming its exploration narrative.
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ESGold Corp. is announcing its intention to proceed with a non-brokered private placement of up to 5.3 million flow-through common shares at $0.85 per share to raise up to C$4.5 million.
The proceeds will be used to fund the exploration of its Montauban Property in Quebec, aiming to unlock the property's full gold potential and bring it closer to monetization.
The offering was increased to C$4.5 million from the previously announced C$2.9 million due to strong investor demand.
Recent 3D geological modeling indicates the property is not just a reclamation story but the nucleus of a potentially much larger, continuous multilayered gold, silver, and base-metal district, with dimensions not previously recognized.
ESGold Corp. is conducting the offering, with Red Cloud Securities Inc. serving as a finder in connection with it.
The offering is set to close on or about December 8, 2025, subject to necessary corporate and regulatory approvals, including from the Canadian Securities Exchange.
The Montauban Property is located in Quebec, Canada.
The proceeds will be used for Canadian exploration expenses as defined in tax regulations, specifically for further exploration of the Montauban Property to reveal the extent of deposits and create shareholder value.
ESGold has demonstrated the ability to finance exploration internally through near-term cash flow from tailings reprocessing, which minimizes dilution, but this offering provides a faster path to unlock Montauban's potential.
More details are available in the official announcements linked in the content: https://ibn.fm/3KZWH and https://ibn.fm/3Dywr.
Curated from InvestorBrandNetwork (IBN)
