Esgold increases financing to $4.5-million

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.)