Northwire Canada EditionWednesday, November 11, 2026
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Financings

Esgold arranges unit financing for up to $7-million

By The Northwire Desk — AI Analysis Feb 19, 2026 · 17:17 ESAU · 0.61 Esgold Corp
ESAU · Price

Executive Summary

  • Esgold Corp. has entered into an agreement with Red Cloud Securities Inc. to act as sole agent and bookrunner for a "best efforts" private placement offering gross proceeds of up to C$7 million.
  • The offering consists of units priced at 68 cents per unit, with each unit comprising one common share and one-half of one common share purchase warrant.
  • Net proceeds are intended for the advancement of the company's flagship Montauban project in Quebec, as well as for general working capital and corporate purposes.

Key Details

  • Offering Structure: "Best efforts" private placement via Red Cloud Securities Inc.
  • Gross Proceeds: Up to C$7,000,600 from the sale of up to 10,295,000 units.
  • Unit Price: 68 cents per unit.
  • Unit Composition: Each unit consists of one common share and one-half of one common share purchase warrant.
  • Warrant Terms: Each warrant entitles the holder to purchase one common share at an exercise price of $1.00.
  • Warrant Expiration: 36 months following the closing date.
  • Over-Allotment Option: The agent has an option to purchase up to an additional 1,471,000 units at the offering price for up to an additional $1,000,280 in gross proceeds. This option is exercisable in full or in part up to 48 hours prior to the closing.
  • Use of Proceeds: Advancement of the Montauban project in Quebec, general working capital, and corporate purposes.
  • Regulatory Basis: Offered pursuant to the listed issuer financing exemption under National Instrument 45-106 (Part 5A) for residents of British Columbia, Alberta, Manitoba, Saskatchewan, and Ontario. Also available via private placement exemptions in the US and other jurisdictions.
  • Closing Date: Anticipated to close on March 10, 2026, or such other date as agreed, subject to regulatory approvals including the Canadian Securities Exchange.
  • Offering Document: Dated February 19, 2026, available on SEDAR+ and the company website.

Notable Quotes

  • None explicitly quoted in the text provided.
Read the original news release →

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