ESGold Corp. Announces $3.3 Million Private Placement to Advance Montauban Project

ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has announced a non-brokered private placement aiming to raise up to $3.285 million. The funds will be allocated towards the construction of a mill circuit, final mobilization at the Montauban Gold-Silver Project, and general working capital. This move underscores the company's commitment to advancing its flagship project towards production, leveraging Quebec's rich mining landscape.

The private placement involves units priced at $0.73 each, comprising one common share and one share purchase warrant, exercisable at $0.91 for 18 months. With the initial closing set for June 20, 2025, and the possibility of additional tranches, this financing round is subject to approval by the Canadian Securities Exchange. The Montauban property, located 80 kilometers west of Quebec City, represents a model for responsible mining, combining near-term production potential with sustainable resource recovery.

This development is crucial for ESGold Corp. as it seeks to solidify its position in the mining sector, emphasizing clean mining and exploration innovation. The successful completion of this private placement could significantly impact the local economy, create jobs, and contribute to the sustainable development of natural resources in Quebec. For investors, this represents an opportunity to be part of a project that balances profitability with environmental responsibility, a growing priority in the global mining industry.