ESGold Corp. Secures $3.65 Million in Oversubscribed Private Placement for Montauban Project Development

ESGold Corp. has successfully closed an oversubscribed non-brokered private placement, raising $3,649,171 through the issuance of nearly 5 million units at $0.73 per unit. Each unit consists of one common share and one warrant exercisable at $0.91 for 18 months, providing additional potential capital infusion in the future. The significant oversubscription of this financing round reflects strong market confidence in the company's strategic direction and the potential of its flagship Montauban project.

The proceeds from this substantial capital raise are specifically allocated to critical development activities, including mill circuit construction, final mobilization at the Montauban gold-silver project, and general working capital requirements. This funding represents a crucial milestone in advancing the project toward production while maintaining operational flexibility. The participation from both existing and new strategic investors underscores the broad-based support for ESGold Corp.'s vision and the recognition of Montauban's potential as a significant mining asset.

As part of the financing arrangement, the company issued 226,863 finder's warrants and paid $165,610 in finder's fees, demonstrating the structured approach to capital raising. The Montauban project, strategically located 80 kilometers west of Quebec City, serves as ESGold Corp.'s flagship property and represents a model for responsible mining practices. The project combines near-term production objectives with the potential for district-scale discoveries, aligning with the company's commitment to sustainable resource recovery and exploration excellence.

This successful financing enables ESGold Corp. to accelerate development timelines while maintaining its focus on environmental stewardship and community engagement. The combination of immediate operational funding and the warrant structure provides both short-term development capital and potential future financing options, creating a robust financial foundation for project advancement. For further details on the private placement and the Montauban project, interested parties can view the full press release at https://www.esgoldcorp.com/news.