Northwire Canada EditionTuesday, August 11, 2026
Northwire
CN 0.190 +18.8% URE 1.98 +2.1% ALS 62.34 −1.3% AAUC 30.98 +1.6% RYR 0.190 −5.0% ECU 1.77 −4.3% GLAD 3.34 +2.5% IMG 25.63 +0.3% RUSH 0.080 +14.3% HMMC 6.76 +4.0% APX 0.060 +0.0% CBLT 0.050 +0.0% AIR 0.065 +8.3% PRU 5.54 +1.8% TOM 0.160 +14.3% QCX 0.235 +6.8% CN 0.190 +18.8% URE 1.98 +2.1% ALS 62.34 −1.3% AAUC 30.98 +1.6% RYR 0.190 −5.0% ECU 1.77 −4.3% GLAD 3.34 +2.5% IMG 25.63 +0.3% RUSH 0.080 +14.3% HMMC 6.76 +4.0% APX 0.060 +0.0% CBLT 0.050 +0.0% AIR 0.065 +8.3% PRU 5.54 +1.8% TOM 0.160 +14.3% QCX 0.235 +6.8%
Financings

Esgold increases financing to $4.5-million

ESAU · Price

Executive Summary

  • Esgold Corp. upsized its non‑brokered flow‑through private placement, increasing the maximum gross proceeds from US$2.975 M to C$4.505 M.
  • Up to 5.3 million FT common shares will be sold at C$0.85 per share, with Red Cloud Securities Inc. acting as exclusive finder.
  • Proceeds are earmarked for Canadian exploration expenses on the Montauban property in Quebec, to be incurred by Dec 31 2026 and renounced to purchasers by Dec 31 2025.

Key Details

  • Placement Size: Increased to a maximum of C$4.505 million (approximately US$3.2 M).
  • Shares Offered: Up to 5,300,000 flow‑through common shares at C$0.85 per share.
  • Finder: Red Cloud Securities Inc., exclusive finder for the offering; may receive finders’ fees payable to eligible finders.
  • Use of Proceeds: Finance exploration of the Montauban gold‑silver property in Quebec; expenses must qualify as Canadian exploration expenditures under Income Tax Act (Canada) and be incurred on or before Dec 31 2026.
  • Renunciation Requirement: FT shares will be renounced to purchasers with an effective date no later than Dec 31 2025, for an aggregate amount not less than the gross proceeds raised.
  • Closing Date: Expected on or about Dec 8 2025, subject to customary conditions and regulatory approvals (including CSE).
  • Statutory Hold Period: All securities issued will be subject to a four‑month plus one day hold period from issuance per applicable securities legislation.

Notable Quotes

(No executive quotes were provided in the release.)

Read the original news release →

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