Categories Mining Stocks

ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) Closes Flow-Through Share Private Placement; All Set for Montauban Property Exploration

Disseminated on behalf of  ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) and may include paid advertising.

  • ESGold Corp., an exploration-stage company committed to the acquisition, exploration, and development of high-quality mineral properties worldwide, just closed its non-brokered private placement of follow-through common shares, for aggregate gross proceeds of $4,505,000
  • These proceeds will help fund the exploration of its Montauban property in Quebec
  • ESGold also engaged Atrium Research Corporation for research and publication of various reports on the investment case for ESGold, with services to run for 12 months

ESGold (CSE: ESAU) (OTCQB: ESAUF), an exploration-stage company committed to acquiring, exploring, and developing high-quality mineral properties worldwide, just announced the closing of its non-brokered private placement of follow-through common shares for aggregate gross proceeds of $4,505,000. The closing came just a few weeks after the company announced its intention to proceed with the private placement, tasking Red Cloud Securities Inc. as a finder in connection with the offering (https://ibn.fm/2NHRq).

In total, 5,300,000 shares were transacted at $0.85 per FT share, with Red Cloud Securities Inc. receiving an aggregate cash finder’s fee of $315,350. With the earnings, ESGold looks to fund exploration on its Montauban property in Quebec. The expenses are defined in paragraph (f) of the definition of “Canadian exploration expense” in subsection 66.1(6) of the Income Tax Act (Canada). They will qualify as “flow-through mining expenditures, incurred on or before December 31, 2026.

This milestone places ESGold in an advantageous position, with the resources to explore such a valuable mining site and a runway that aims to bring the company close to monetization and profitability much sooner than most of its competitors. It places it ahead of the curve, particularly as it works to stamp its position as a leader in its space.

The Montauban property has shown incredible potential from recent exploration activities and initiatives. For the company’s comprehensive three-dimensional geological model analysis of the property, it was noted that the property is not just a reclamation or redevelopment story, but rather the nucleus of a potentially much larger gold, silver, and base-metal district, which is a huge discovery for the company (https://ibn.fm/D8zCg). It shows just how much value the property holds. It also emphasizes the need to fast-track its further exploration and extraction of value, not just to place the company ahead of other players in its space, but also to grow shareholder value.

ESGold has also engaged Atrium Research Corporation, a leading company-sponsored research firm. Atrium will be responsible for researching and publishing various reports on ESGold based on publicly available information, discussions with the company’s management, and industry data. In addition, it will host three recorded interviews with ESGold’s management to present the investment case (https://ibn.fm/h1ZLh).

Atrium will receive a cash compensation of $12,000 per quarter for these services, which kicked off on December 15, 2025, and will run for 12 months. It provides a platform for ESGold and its management to share their vision, update interested parties on their progress and offer a first-hand account of how the industry is evolving. For investors, it will also be an additional avenue to keep tabs on what the company is doing, the decisions the management is making, and where it is headed overall.

Neither Atrium nor its insiders hold any shares or options to purchase shares in ESGold’s capital. The two are just arm’s-length parties, with their engagement subject to regulatory and Canadian Securities Exchange approval.

For company information, visit the company’s website at www.ESGold.com.

NOTE TO INVESTORS: The latest news and updates relating to ESAUF are available in the company’s newsroom at https://ibn.fm/ESAUF

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