ESGold Corp. Secures $3.6 Million in Oversubscribed Private Placement for Montauban Project Development

ESGold Corp. has announced the successful closure of an oversubscribed non-brokered private placement, raising a total of $3,649,171 in funding. The financing was achieved through the issuance of nearly 5 million units, with each unit priced at $0.73 and consisting of one common share plus one warrant. Each warrant provides the holder with the right to purchase an additional common share at an exercise price of $0.91 for a period of 18 months from the closing date.

The substantial capital raised through this private placement will be strategically allocated to several critical development initiatives. A significant portion of the proceeds is designated for mill circuit construction, which represents a crucial infrastructure component for processing operations. Additional funds will support final mobilization activities at the company's flagship Montauban gold-silver project, while the remainder will be allocated to general working capital requirements to support ongoing corporate operations.

The private placement attracted participation from both existing shareholders and new strategic investors, indicating strong market confidence in ESGold Corp.'s operational vision and the development potential of the Montauban project. The oversubscribed nature of the financing round further underscores the investment community's positive reception to the company's strategic direction. As part of the financing arrangement, the company issued 226,863 finder's warrants and paid $165,610 in finder's fees to parties who assisted in securing investor participation.

The Montauban project, strategically located 80 kilometers west of Quebec City, serves as ESGold Corp.'s flagship property and represents the company's commitment to implementing responsible mining practices. The project combines near-term production objectives with the potential for district-scale discoveries, aligning with the company's broader commitment to sustainable resource recovery and systematic exploration. For comprehensive details regarding the private placement terms and the Montauban project specifications, interested parties can access the complete announcement through the official press release available at https://www.esgoldcorp.com/news.