ESGold Corp. has announced a $3.3 million private placement to propel the development of its Montauban Gold-Silver Project forward. The non-brokered private placement offers units at $0.73 each, consisting of one common share and one share purchase warrant, exercisable at $0.91 for 18 months, with the initial closing expected by June 20, 2025. This strategic financial initiative is pending approval from the Canadian Securities Exchange and is designed to fund the mill circuit construction, site mobilization, and general working capital, ensuring the project's advancement.
The Montauban Project, situated 80 kilometers west of Quebec City, is a testament to ESGold Corp.'s commitment to responsible mining, blending near-term production objectives with the exploration of district-scale discoveries. This funding effort not only demonstrates the company's dedication to project progression but also its strategic focus on creating long-term value for stakeholders. The project's development is a significant milestone for ESGold Corp. and the mining industry, showcasing how sustainable practices can align with financial and operational achievements.
