ESGold Corp. Secures C$3.45 Million Private Placement to Advance Montauban Gold-Silver Project
TL;DR
ESGold closed a private placement for C$3,453,940.38, demonstrating confidence in achieving production and exploration success.
Proceeds from the placement will fund mill circuit construction and mobilization at Montauban Gold-Silver Project in Quebec.
ESGold's clean mining practices and sustainable resource recovery contribute to a better, more responsible mining industry.
ESGold's innovative approach to mining and exploration sets a new standard for the industry.
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ESGold Corp. has completed a non-brokered private placement, raising gross proceeds of C$3,453,940.38 through the issuance of over 16 million common shares and warrants. The financing will support critical development activities at the company's Montauban Gold-Silver Project located in Quebec. The private placement notably included significant management and insider participation, totaling 1.25 million units. This substantial internal investment signals strong confidence in the company's strategic approach to achieving near-term production and long-term exploration success.
The Montauban property, situated 80 kilometers west of Quebec City, represents a key asset for ESGold. The fully permitted project is positioned to serve as a model for responsible mining practices, with a focus on combining immediate production potential with extensive district-scale exploration opportunities. Funds from the financing will be specifically directed toward mill circuit construction and final mobilization efforts. This targeted investment underscores ESGold's commitment to advancing its project efficiently and strategically.
The successful financing demonstrates ESGold's ability to secure capital in support of its mining and exploration initiatives, positioning the company to make meaningful progress in its Quebec-based operations. The significant insider participation in the private placement, totaling 1.25 million units, highlights management's confidence in the company's strategic direction and the potential of the Montauban project. This internal investment serves as a strong vote of confidence in ESGold's approach to achieving both near-term production goals and long-term exploration success in the region.
The Montauban Gold-Silver Project's location 80 kilometers west of Quebec City provides strategic advantages for development and operations. As a fully permitted project, it represents a significant milestone in ESGold's development timeline, allowing the company to focus on construction and operational readiness rather than regulatory approvals. The project's design emphasizes responsible mining practices while maximizing both immediate production potential and broader district-scale exploration opportunities that could significantly expand the company's resource base over time.
Curated from InvestorBrandNetwork (IBN)
