ESGold Announces the Closing of its Brokered LIFE Offering for Gross Proceeds of C$7.2 Million

Executive Summary

• ESGold Corp. closed a “best efforts” private placement raising gross proceeds of C$7,264,440.
• The offering consisted of 10,683,000 units sold at C$0.68 per unit; each unit includes one common share and half of a warrant exercisable at C$1.00 until March 10 2029.
• Net proceeds will be used to advance the Montauban Gold‑Silver Project in Québec and for general working capital and corporate purposes.

Key Details

• Units sold: 10,683,000 units @ C$0.68 per unit → gross proceeds of C$7,264,440.
• Unit composition: 1 common share + ½ warrant (warrant allows purchase of one common share at C$1.00 any time before March 10 2029).
• Use of proceeds: Advancement of the flagship Montauban Project in Québec; general working capital and corporate purposes.
• Agent & bookrunner: Red Cloud Securities Inc., which received a cash fee of C$406,531 and 597,840 non‑transferable broker warrants (exercisable at the offering price, same expiry as unit warrants).
• Broker warrant hold period: Subject to a Canadian hold period expiring July 11 2026.
• Regulatory framework: Units issued under NI 45‑106 listed issuer financing exemption; immediately freely tradeable in Canada.
• Closing condition: Final approval by the Canadian Securities Exchange (CSE) pending.
• U.S. securities law disclaimer: Securities not registered in the U.S.; cannot be offered or sold to U.S. persons absent registration or exemption.

Notable Quotes

(No direct quotes were provided in the release.)