(TheNewswire)
Vancouver, B C - TheNewswire - December 30, 2022 - ESGold Corp.(“ ESGold ” or the “ Company ”) ( CSE:ESAU ) ( Frankfurt: N2W ) ( OTC:SEKZF ) is pleasedto announce the closing of a non-brokered private placement (the“Offering”) of flow-through share units (each, a “FT Unit”)and common share units (each, a “Share Unit”).
The Company raised gross proceeds of $534,500 by theissuance of 10,690,000 FT Unit at a price of $0.05 per FT Unit. EachFT Unit comprised of one common share and one-half common sharepurchase warrant. Each whole warrant is exercisable into one commonshare at a price of $0.075 per share for a period of 12 months fromthe date of closing. The Company will use the proceeds from the saleof the FT Units to incur flow-through expenditures in the province ofQuebec which qualify as 100% Canadian Exploration Expenses (“CEE”)and will renounce the flow-through expenditures to the investors forthe taxation year ending December 31, 2022.
The Company raised gross proceeds of $25,000 by theissuance of 500,000 Share Unit at a price of $0.05 per Share Unit.Each Share Unit comprised of one common share and one common sharepurchase warrant. Each warrant is exercisable into one common share ata price of $0.075 per share for a period of 12 months from the date ofclosing. The Company will use the proceeds of the Share Units forgeneral corporate purposes.
Directors and management of the Company purchased an aggregate of$55,000 in the Offering.
All securities issued in connection with Offering aresubjected to a restricted hold period of four months and a day fromthe date of closing of the Offering, under applicable securitieslegislation.
In connection with the closing of the Offering, theCompany paid an aggregate finders’ fees of $21,630 in cash andissued 362,600 common share purchase warrants (the “Finder’sWarrants) to certain arms-length finders. Each Finder’s Warrantentitles the holder to purchase one common share of the Company at aprice of $0.075 per share for a period of 12 months from the date ofclosing.
Pour unetraduction française de ce communiqué de presse, veuillez visiternotre site Web à www.esgold.ca .
About the Company
ESGold Corp. is a Canadian environmentally aware resourceexploration and processing company. Management has demonstratedexpertise in advancing gold exploration projects into acquisitiontargets, most notably in the province of Quebec. ESGold’s principalrestoration and recovery project is the Montauban property situated inQuebec, just 80 kilometers west of Quebec City. Recently, the Companyhas also entered into a joint venture agreement to determine thepresence of recoverable metals in the Ottawa River, consistent withESGold’s commitment to environmental recovery solutions.
For more information on ESGold Corp. please contact theCompany (+1 514-712-1532) or visit the website www.esgold.ca for the Frenchversion of this press release, for past news releases, 3D model of theMontauban processing plant, media interviews and opinion-editorialpieces. To keep up with what's going on withESGold please join our shareholders chat room on telegram : https://t.me/+SQeyLoDRjIAwMDVh
On behalf of the Board of Directors,
ESGold Corp.
“Jean Yves Therien”
Chief Executive Officer
“John Stella”
Investor contact
Tel: +1 514-712-1532
Email: info@esgold.ca
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