Esgold increases private placement to $6.5-million

Executive Summary

• Esgold Corp. has upsized its previously announced best-effort private placement from gross proceeds of up to $5 million to up to $6.5 million due to strong investor demand.
• The offering consists of units priced at 75 cents each, with Red Cloud Securities Inc. acting as the sole agent and bookrunner.
• Net proceeds are intended for the advancement of the Montauban project in Quebec, general working capital, and corporate purposes.

Key Details

• Offering Size: Upsized to gross proceeds of up to C$6.5 million (increased from C$5 million).
• Units Offered: Up to 8,666,667 units.
• Price Per Unit: C$0.75.
• Warrant Terms: Each unit includes one common share and one common share purchase warrant. Each warrant allows the purchase of one common share at an exercise price of $1.10.
• Warrant Expiry: 36 months following the closing date.
• Over-Allotment Option: The agent has an option to purchase up to an additional 2,000,000 units at the same price, potentially generating an additional C$1.5 million in gross proceeds.
• Use of Proceeds: Advancement of the flagship Montauban project in Quebec, general working capital, and corporate purposes.
• Agent/Bookrunner: Red Cloud Securities Inc.
• Closing Date: Scheduled for September 18, 2025, or as agreed upon by the company and the agent.
• Regulatory Conditions: Subject to receipt of necessary regulatory approvals, including the Canadian Securities Exchange (CSE).
• Jurisdictions: Offered to residents of British Columbia, Alberta, Manitoba, Saskatchewan, Quebec, Ontario, the United States, and offshore jurisdictions under the listed issuer financing exemption.