ESGold Corp. Announces C$2.98 Million Private Placement for Montauban Exploration in Quebec

ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) announced its intention to raise up to C$2,975,000 through a non-brokered private placement of flow-through shares. The company plans to issue as many as 3.5 million flow-through shares priced at C$0.85 each, with Red Cloud Securities acting as finder for the transaction. This financing represents a strategic move to accelerate exploration activities at the company's key asset in Quebec.

The proceeds from this private placement will be exclusively allocated to funding exploration at ESGold's Montauban Property in Quebec. According to the announcement, all funds will be directed toward Qualifying Expenditures as defined under federal and provincial tax regulations. This approach maximizes the tax benefits for investors while ensuring that capital is deployed directly into exploration activities that could potentially expand the property's resource base.

The closing of the private placement is expected to occur on or about December 8, 2025, subject to customary corporate and regulatory approvals. All securities issued through this offering will carry a standard four-month-plus-one-day hold period, which is typical for such transactions in the Canadian market. This timeline provides the company with a clear path to securing the necessary funding for its exploration programs while maintaining compliance with securities regulations.

The Montauban Property represents ESGold's flagship asset, located approximately 80 kilometers west of Quebec City. The property serves as a model for the company's commitment to responsible mining practices, combining near-term production potential with district-scale discovery opportunities. By securing this funding through flow-through shares, ESGold can leverage tax incentives to attract investment while advancing its exploration objectives in a jurisdiction known for its mining-friendly policies and established infrastructure.

This financing announcement comes at a time when the mining industry faces increasing pressure to adopt sustainable practices while maintaining economic viability. ESGold's focus on clean mining and exploration innovation positions the company to address these dual challenges. The flow-through structure of this private placement specifically supports exploration activities that could lead to new discoveries while providing investors with tax advantages that enhance their potential returns.

The company's newsroom, available at https://ibn.fm/ESAUF, provides ongoing updates about ESGold's activities and developments. This platform serves as a resource for investors seeking current information about the company's progress and strategic initiatives. The successful completion of this private placement would provide ESGold with the capital needed to advance its exploration programs while maintaining its commitment to sustainable resource recovery and long-term value creation for stakeholders.