ESGold Corp. Launches Private Placement to Raise Up to C$2.975 Million

ESGold Corp., a pre-production mining firm, has announced a private placement of up to 3.5 million flow-through common shares. Priced at C$0.85 per share, the offering aims to generate gross proceeds of up to C$2.975 million. Red Cloud Securities Inc. will assist as a finder in this transaction.

The funds raised will be allocated to exploration activities at ESGold's Montauban Property in Quebec. The proceeds will qualify as Canadian exploration expenses and 'flow-through mining expenditures' under Canadian tax regulations. These expenditures will be realized by the end of 2026 and renounced to the share purchasers by December 2025.

The offering is anticipated to close around December 8, 2025, pending corporate and regulatory approvals. All issued securities will have a hold period of four months plus one day, compliant with relevant legislation.