ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has announced the closure of an oversubscribed non-brokered private placement, raising a total of $3,649,171. This financial achievement was realized through the issuance of nearly 5 million units, each priced at $0.73. The funding, supported by both existing and new strategic investors, is earmarked for the construction of a mill circuit, final mobilization efforts at the Montauban gold-silver project, and general working capital needs. Each unit sold includes a common share and a warrant, which can be exercised at $0.91 over the next 18 months. Additionally, the company issued 226,863 finder’s warrants and disbursed $165,610 in finder’s fees as part of this arrangement.

The Montauban project, located 80 kilometers west of Quebec City, represents ESGold Corp.’s flagship property and is a testament to the company’s commitment to responsible mining practices. This project not only aims for near-term production but also holds significant discovery potential at a district scale. The successful private placement is a crucial milestone for ESGold Corp., enabling the company to advance its projects towards production and feasibility while adhering to sustainable resource recovery and exploration principles.

For further details on this development, interested parties can view the full press release here. This financial infusion underscores the confidence of investors in ESGold Corp.’s vision and its Montauban project, setting the stage for future growth and innovation in the mining sector.

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