Curated News
By: NewsRamp Editorial Staff
June 26, 2025
ESGold Corp. Secures $3.6M in Oversubscribed Private Placement
TLDR
- 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.
Impact - Why it Matters
This news is crucial for investors and stakeholders in the mining sector, as it highlights ESGold Corp.'s financial health and its ability to attract significant investment for its Montauban gold-silver project. The successful funding round not only accelerates the project's development but also reinforces the company's position as a leader in clean mining and sustainable exploration. For the broader market, this signals growing investor confidence in environmentally responsible mining practices and the potential for substantial returns in the sector.
Summary
ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has successfully closed an oversubscribed non-brokered private placement, raising $3,649,171. This significant financial boost was achieved through the issuance of nearly 5 million units, each priced at $0.73, and includes a common share and a warrant exercisable at $0.91 for 18 months. The funds are earmarked for mill circuit construction, final mobilization at the Montauban gold-silver project, and general working capital. This move underscores the confidence of both existing and new strategic investors in ESGold's vision and operational strategy. Additionally, the company issued 226,863 finder’s warrants and paid $165,610 in finder’s fees, further highlighting the transaction's complexity and the involved parties' commitment.
ESGold Corp. stands out as a fully permitted, pre-production resource company, pioneering clean mining and exploration innovation. Its flagship Montauban property, located near Quebec City, exemplifies responsible mining practices, blending near-term production with extensive discovery potential. This development is a testament to ESGold's dedication to sustainable resource recovery and exploration, promising long-term value for stakeholders. For more details, the full press release can be viewed here.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, ESGold Corp. Secures $3.6M in Oversubscribed Private Placement
