ESGold Raises $1.1M and combines Flow-Through Offering with Warrant Proceeds

ESGold Corp. has secured a total of C$1.1 million in new funding, comprising a flow-through private placement and proceeds from warrant exercises, underlining the ongoing investor confidence in the Company’s development and exploration plans.

Flow-Through Offering

ESGold is conducting a private placement of 1,000,000 Quebec Critical Mineral flow-through common shares at C$0.30 per share for gross proceeds of C$300,000. This financing, placed with Maple Leaf Critical Minerals 2025 Enhanced Flow-Through LP, is subject to final corporate and regulatory approvals.

Net proceeds will support the recently announced ANT Geological Survey with Caur Technologies and other exploration initiatives at ESGold’s Montauban Property in Quebec. The offering is set to close on or about February 21, 2025.

Warrant Exercises

ESGold has also received C$802,851.90 from the exercise of 5,352,346 warrants following the December 19, 2024, warrant acceleration clause related to the September 2024 private placement.

"The strong response to our warrant acceleration from existing shareholders, combined with the strategic flow-through funding, reflects a high level of confidence in ESGold’s path forward," said Brad Kitchen, President of ESGold. "This combined funding of over C$1.1 million will support our continued advancement toward production and exploration success at Montauban."

About ESGold Corp.

ESGold is a fully permitted, pre-production resource company focused on clean mining and exploration innovations. Its flagship Montauban property, located 80 km west of Quebec City, is being advanced toward production with a strong emphasis on sustainable practices.

By Kevin Vincent, Senior Contributing Editor to Mining Life Online and Mining Life & Exploration News.

Tags: Quebec / Deals & Financial / Metals / All Articles