Esgold arranges $5-million private placement

Executive Summary

• Esgold Corp. has entered into an agreement with Red Cloud Securities Inc. to conduct a best-effort private placement for gross proceeds of up to C$5 million.
• The offering consists of units priced at 75 cents each, with each unit comprising one common share and one common share purchase warrant.
• Net proceeds are intended for the advancement of the Montauban project in Quebec, general working capital, and corporate purposes.

Key Details

• Transaction Structure: Best-effort private placement via sole agent and bookrunner Red Cloud Securities Inc.
• Units Offered: Up to 6,666,667 units at a price of $0.75 per unit.
• Gross Proceeds: Up to $5,000,000 CAD.
• Unit Composition: Each unit consists of one common share and one common share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to purchase 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 1,000,000 units at $0.75 per unit for additional gross proceeds of up to $750,000. This option is exercisable in full or in part up to 48 hours prior to closing.
• Use of Proceeds: Advancement of the flagship Montauban project in Quebec, general working capital, and corporate purposes.
• Regulatory Exemptions: Offered under National Instrument 45-106 (Prospectus Exemptions) and the listed issuer financing exemption under Part 5A of NI 45-106 (as amended by Coordinated Blanket Order 45-935).
• Jurisdictions: Residents of British Columbia, Alberta, Manitoba, Saskatchewan, Quebec, Ontario, the United States, and offshore jurisdictions.
• Trading Status: Securities are expected to be immediately freely tradable in Canada upon sale to purchasers resident in Canada; no hold period applies in Canada.
• Closing Date: Scheduled for September 18, 2025, or such other date as agreed by the company and the agent.
• Conditions: Subject to regulatory approvals, including the Canadian Securities Exchange.

Notable Quotes

• None provided in the text.