• ESGold is celebrating the successful close of a private placement funding effort that will generate important financing for the company’s planned launch of a mine tailings cleanup and reclamation project later this year
• The financing drive was oversubscribed by more than 11%, which ESGold executives hail as evidence that investors like the company’s strategy for generating revenue
• The company holds 265 mining claims on the historic Montauban mine site in Quebec, covering 13,116 hectares (about 32,410 acres) of gold and silver exploration
• ESGold expects to begin mill circuit production on the tailings cleanup later this year
• Mica recovered in the reclamation would be used in an innovative concentrate that is stronger than concrete and usable for construction materials such as bricks, parking columns, and highway Jersey barriers

ESGold (CSE: ESAU) (OTCQB: ESAUF), a pre-production gold and silver resource developer operating in Canada, has closed its recent non-brokered private placement funding effort after seeing a successful raise of $3,649,171 in aggregate gross proceeds to assist its pending processing of a site’s abandoned tailings.

“This Offering was over-subscribed by more than 11% as a direct result of large investments by existing shareholders and new strategic investors who recognized that ESGold is focused and on track to production in the very near future,” ESGold CEO and Director Paul Mastantuono stated in a…

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NOTE TO INVESTORS: The latest news and updates relating to ESAUF are available in the company’s newsroom at https://ibn.fm/ESAUF

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This contant was orignally distributed by InvestorBrandNetwork (IBN). Blockchain Registration, Verification & Enhancement provided by NewsRamp™. The source URL for this press release is ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) Builds Funding in Ramp-up to Production on Strategic Mine Tailings Cleanup, and Reuse Project.