ESGold Corp. Announces C$2.98 Million Private Placement to Fund Quebec Exploration

ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) announced its intention to raise up to C$2,975,000 through a non-brokered private placement of flow-through shares. The company plans to issue as many as 3.5 million flow-through shares priced at C$0.85 each, with Red Cloud Securities acting as finder for the offering. This financing strategy represents a significant capital injection specifically designated for exploration activities at the company's Montauban Property in Quebec.

The structure of this private placement is particularly noteworthy as all proceeds will be allocated to Qualifying Expenditures under both federal and provincial tax definitions. This flow-through mechanism allows investors to benefit from tax deductions while providing the company with essential funding for exploration without immediate tax implications. The closing of this financing is expected on or about December 8, 2025, subject to customary corporate and regulatory approvals. All securities issued through this placement will carry a standard four-month-plus-one-day hold period, which is typical for such transactions in the Canadian market.

The Montauban property, located approximately 80 kilometers west of Quebec City, serves as ESGold's flagship project and represents what the company describes as a model for responsible mining practices. The property combines near-term production potential with district-scale discovery opportunities, positioning it as a strategic asset in Quebec's mining landscape. The planned use of proceeds specifically for exploration at this property underscores the company's focus on advancing its most promising asset through systematic geological work and resource definition.

Quebec has established itself as a favorable jurisdiction for mining investment, with supportive regulatory frameworks and well-developed infrastructure. The province's mining sector has attracted significant investment in recent years, particularly in precious metals exploration. ESGold's decision to concentrate its exploration efforts in this region aligns with broader industry trends toward established mining districts with proven geological potential. The company's approach emphasizes sustainable resource recovery and exploration methodologies that prioritize environmental responsibility alongside economic viability.

For investors seeking additional information about ESGold Corp., the company maintains a newsroom at https://ibn.fm/ESAUF where updates and announcements are regularly posted. The broader mining industry context and specialized communications about resource companies can be found through platforms like Rocks & Stocks, which provides industry insights at https://RocksAndStocks.news. These resources offer investors access to detailed information about mining sector developments and company-specific news that may influence investment decisions in the natural resources space.

The private placement announcement comes at a time when junior mining companies face increasing challenges in securing exploration funding. Flow-through financing arrangements have become increasingly important for Canadian resource companies seeking to advance projects while providing tax advantages to investors. This structure enables companies like ESGold to fund critical exploration work that might otherwise be delayed or scaled back due to capital constraints. The successful completion of this financing would provide ESGold with the necessary resources to conduct systematic exploration at Montauban, potentially leading to resource expansion and enhanced project economics.