ESGold Corp. Announces Closing of Flow-Through Share Private Placement for Gross Proceeds of $4.5 Million

Executive Summary

• ESGold Corp. closed a non‑brokered private placement of 5,300,000 flow‑through common shares at $0.85 per share, raising gross proceeds of $4.505 million.
• Proceeds are earmarked to fund Canadian exploration expenses on the Montauban Property in Quebec, qualifying as flow‑through mining expenditures under federal and Québec tax legislation.
• A cash finder’s fee of $315,350 was paid to Red Cloud Securities Inc.; all shares are subject to a statutory hold period of four months and one day (until 2026‑04‑09).

Key Details

• Offering size: 5,300,000 flow‑through common shares (“FT Shares”).
• Price per FT Share: $0.85.
• Aggregate gross proceeds: $4,505,000.
• Use of proceeds: Canadian exploration expenses on the Montauban Property (Quebec) incurred on or before 2026‑12‑31 and renounced to purchasers by 2025‑12‑31 in an amount not less than the gross proceeds.
• Finder involvement: Red Cloud Securities Inc. acted as finder; cash fee paid = $315,350.
• Statutory hold period: Four months and one day from issuance date (April 9, 2026).
• Tax treatment: Proceeds qualify as “flow‑through mining expenditures” under Canada Income Tax Act §66.1(6)(f) and Québec Taxation Act §359.1.

Notable Quotes

(No direct quotes were provided in the release.)