Esgold arranges $2.97-million private placement

Executive Summary

• Esgold Corp. announced a non-brokered private placement of up to 3.5 million flow-through common shares at $0.85 per share, targeting gross proceeds of up to C$2,975,000.
• The proceeds are designated for Canadian exploration expenses on the company's Montauban property in Quebec, qualifying as flow-through mining expenditures to be renounced to purchasers.
• The offering is expected to close on or about December 8, 2025, subject to regulatory approvals including the Canadian Securities Exchange.

Key Details

• Security Type: Up to 3,500,000 flow-through common shares.
• Price: C$0.85 per share.
• Gross Proceeds: Up to C$2,975,000.
• Finder: Red Cloud Securities Inc. is acting as a finder; finders' fees may be paid to eligible finders.
• Use of Proceeds: Financing exploration on the Montauban property in Quebec.
• Tax Treatment: Proceeds will be used for Canadian exploration expenses (as defined in Subsection 66.1(6) of the Income Tax Act (Canada)) and will qualify as flow-through mining expenditures (Subsection 127(9) Income Tax Act (Canada) and Section 359.1 Taxation Act (Quebec)).
• Renunciation Terms: Expenditures to be incurred on or before December 31, 2026, and renounced to purchasers with an effective date no later than December 31, 2025. The aggregate amount renounced will not be less than the gross proceeds raised.
• Closing Date: Expected on or about December 8, 2025.
• Conditions: Subject to corporate and regulatory approvals, including the Canadian Securities Exchange.
• Hold Period: All securities subject to a statutory hold period of four months plus one day from issuance.

Notable Quotes

• None provided in the text.