ESGold Corp. Announces Flow-Through Share Private Placement for Gross Proceeds of up to C$2.975 Million

Executive Summary

• ESGold Corp. announced a non‑brokered private placement of up to 3,500,000 flow‑through common shares at C$0.85 per share, targeting gross proceeds of up to $2,975,000.
• Proceeds will be used to fund Canadian exploration expenses on the Montauban Property in Quebec, qualifying as flow‑through mining expenditures under Canadian and Québec tax legislation.
• The offering is expected to close around December 8, 2025, subject to customary conditions and a statutory hold period of four months plus one day.

Key Details

• Offering Size: Up to 3,500,000 FT Shares
• Price per Share: C$0.85 (approximately US$0.64 at prevailing FX)
• Maximum Gross Proceeds: $2,975,000 CAD/USD equivalent
• Use of Proceeds:
• Fund Canadian exploration expenses on the Montauban Gold‑Silver Project in Quebec.
• Expenses must be incurred by December 31, 2026 and renounced to purchasers no later than December 31, 2025, in an amount not less than the gross proceeds.
• Finder: Red Cloud Securities Inc. will act as a finder; the Company may pay finder's fees to eligible finders.
• Closing Date: Expected on or about December 8, 2025.
• Conditions to Closing: Receipt of all required corporate and regulatory approvals, including approval from the Canadian Securities Exchange.
• Statutory Hold Period: Four months plus one day from issuance date, per securities legislation.
• Contact for Further Information: Gordon Robb, CEO – [email protected]; phone 250‑217‑2321.

Notable Quotes

(No direct quotes were provided in the release.)