The Company intends to use the proceeds from the Offering to finance exploration of the Company’s Montauban property in Quebec. The gross proceeds from the sale of the FT Shares will be used for Canadian exploration costs as defined in paragraph (f) of the definition of “Canadian exploration costs” in subsection 66.1(6) of the Income Tax Act (Canada) and will qualify as “flow-through mining expenditures” as defined in subsection 127(9) of the Income Tax Act (Canada) that qualify as “flow-through mining expenditures” as defined in section 359.1 of the Tax law (Quebec) (the “Qualifying expenses“), which will be entered into on or before December 31, 2026 and will be waived to the purchasers of FT Shares with an effective date no later than December 31, 2025, in an aggregate amount not less than the gross proceeds from the issuance of the FT Shares.
Red Cloud Securities Inc. acted as finder in connection with the Offering. The company paid a total cash finding fee of $315,350.
All securities issued in connection with the Offering are subject to a statutory hold period of four months and one day from the date of issuance, being April 9, 2026, in accordance with applicable securities laws.
About ESGold Corp.
ESGold Corp. (CSE:ESAU,OTC:ESAUF)(OTCQB:ESAUF)(FSE:Z7D) is a fully licensed, fully funded pre-production mining company advancing a scalable, clean mining model in the Americas. The company’s flagship Montauban Gold-Silver Project in Quebec is under construction with production expected in 2026. ESGold is also advancing a joint venture in Colombia, validating one of South America’s most productive gold regions for tailings reprocessing and systematic exploration. With a dual-pronged strategy of cash flow today and discovery tomorrow, ESGold is building a platform for clean, sustainable growth and long-term shareholder value.
For more information, please contact ESGold Corp. via +1-888-370-1059 or visit esgold.com for additional resources, including a French version of this press release, previous press releases, a 3D model of the Montauban processing plant, media interviews and opinion pieces.
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For more information or to connect directly, please contact Gordon Robb, CEO of ESGold Corp. on Gordon@ESGold.com or call 250-217-2321.
On behalf of the Board of Directors
ESGold Corp.
Paul Mastantuono
Chairman & COO
info@esgold.com
+1-888-370-1059
Forward-Looking Statements
This press release contains “forward-looking statements” and “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable securities laws. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this press release relate to, among other things: the proceeds from the Offering and its intended use; the intention and timing of making and waiving eligible expenses; and the payment of any finder’s fees.
These forward-looking statements reflect the Company’s current views with respect to future events and are necessarily based on a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include, among other things: conditions in the general economic and financial markets; accuracy of test results; geological interpretations of drilling results, timing and amount of capital expenditures; performance of available laboratory and other related services; future operating costs; the historical basis for current estimates of potential quantities and qualities of target zones; the availability of skilled labor and the absence of labor-related disruptions to the Company’s operations; no unplanned delays or interruptions to planned activities; all necessary permits, licenses and regulatory approvals for activities are received in a timely manner; the ability to secure and maintain title and ownership of properties and surface rights necessary for operations; and the company’s ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.
The Company cautions the reader that forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements in this press release, and that the Company has made assumptions and estimates based on or relating to many of these factors. Such factors include, without limitation: the timing and content of work programs; results of exploration activities and development of mineral properties; the interpretation and uncertainties of drilling results and other geological data; receipt, maintenance and security of mineral property permits and titles; environmental and other regulatory risks; project cost overruns or unexpected costs and expenses; availability of funds; the inability to delineate potential quantities and qualities of the target zones based on historical data; general market and industry conditions; and the factors identified under the heading “Risk Factors” in the Company’s continuous disclosure documents filed on SEDAR+ at www.sedarplus.com.
Forward-looking statements are based on the expectations and opinions of the company’s management on the date the statements are made. The assumptions used in preparing such statements, although considered reasonable at the time of preparation, may prove to be inaccurate. As such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements contained in this press release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this press release.
SOURCE: ESGold Corp.
View the original press release on ACCESS Newswire
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