ESGold Corp. Increases Private Placement to $4.5 Million to Fund Quebec Exploration
TL;DR
ESGold Corp. increased its private placement to $4.5 million, offering investors early access to flow-through shares for tax advantages and funding exploration at its Quebec property.
ESGold Corp. plans to issue up to 5.3 million flow-through shares at $0.85 each through Red Cloud Securities, with proceeds funding exploration at the Montauban Property under tax rules.
ESGold Corp.'s funding supports clean mining innovation and sustainable resource recovery at its Quebec property, advancing responsible practices for long-term environmental and community value.
ESGold Corp.'s Montauban property near Quebec City combines near-term production with district-scale discovery potential, showcasing modern mining innovation in a fully permitted operation.
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ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has increased the maximum gross proceeds of its planned non-brokered private placement to $4,505,000 following strong investor interest. The company is now offering up to 5.3 million flow-through shares at $0.85 each, with Red Cloud Securities serving as exclusive finder. This adjustment reflects heightened market confidence in ESGold's exploration strategy and the underlying value of its assets.
The proceeds from this financing will be exclusively allocated to funding exploration activities at the company's Montauban Property in Quebec. These expenditures will qualify under the Canadian federal Income Tax Act and relevant Quebec provincial tax legislation, allowing investors to benefit from flow-through share tax incentives. This structure is significant as it directly channels investment into mineral exploration, supporting local economic activity and resource development while providing tax advantages to participants.
The closing of the private placement is anticipated on or about December 8, 2025, pending final regulatory approvals. All securities issued will be subject to a statutory hold period of four months and one day from the date of closing. This timeline and regulatory framework provide a clear pathway for the deployment of capital, ensuring that exploration programs can be advanced systematically.
The Montauban property, ESGold's flagship asset located approximately 80 kilometers west of Quebec City, is central to this financing effort. The site is recognized for its potential as a model of responsible mining, combining prospects for near-term production with extensive district-scale discovery opportunities. The increased financing capacity enables more aggressive exploration, which could accelerate the project's progression toward feasibility studies and eventual production.
For investors and stakeholders seeking detailed information, the company maintains a dedicated newsroom accessible via https://ibn.fm/ESAUF. This platform provides ongoing updates and is part of a broader communications network. The press release for this announcement was disseminated through InvestorWire, a specialized platform within the IBN portfolio, which focuses on wire-grade press release syndication and corporate communications. Further details about InvestorWire's services are available at https://www.InvestorWire.com.
The successful upsizing of this private placement underscores a robust investor appetite for resource projects in mining-friendly jurisdictions like Quebec. It highlights ESGold's ability to attract capital in a competitive market, leveraging tax-efficient structures to fund exploration that aligns with both corporate growth objectives and investor interests. The implications extend beyond immediate funding, signaling market validation of the company's technical approach and the strategic importance of the Montauban property within Quebec's mining sector.
Curated from InvestorBrandNetwork (IBN)
