Core Points - ESGold Corp. has successfully closed a private placement offering, raising gross proceeds of C$8,000,000 through the sale of 10,666,667 units at a price of C$0.75 per unit [1][2] - Each unit consists of one common share and one warrant, with the warrant allowing the purchase of an additional common share at C$1.10 until September 18, 2028 [2] - The net proceeds will be utilized for advancing the Montauban Project in Québec and for general working capital [3] Offering Details - The offering was conducted under National Instrument 45-106, allowing for the issuance of units to Canadian and U.S. purchasers [4] - The agent for the offering, Red Cloud Securities Inc., received cash fees of C$460,867.50 and 614,490 broker warrants, which are also exercisable at the offering price until September 18, 2028 [5] - The securities issued are not registered under the U.S. Securities Act and cannot be sold to U.S. persons without proper registration or exemption [7] Company Overview - ESGold Corp. is a pre-production resource company focused on clean mining and exploration, with its flagship Montauban property located 80 kilometers west of Quebec City [10] - The company aims to combine near-term production with district-scale discovery potential, emphasizing responsible mining practices [10]

Core Insights - ESGold Corp. has appointed Peter Espig, a veteran mining executive and former global investment banker, to its Board of Directors as it moves towards gold production in 2025 [1][2][6] Company Overview - ESGold is advancing its fully permitted Montauban Gold-Silver Project in Quebec, transitioning from an exploration-stage junior to a producer [2][8] - The company is focused on clean mining and exploration innovation, with a commitment to responsible mining practices [8][9] Leadership Profile - Peter Espig has extensive experience in global capital markets and operational mining, having participated in over $10 billion in structured deals at Goldman Sachs [3] - He has successfully led Nicola Mining Inc. out of creditor protection, achieving a ten-fold increase in market capitalization [4][5] Strategic Direction - ESGold is targeting first gold and silver production by late 2025, with ongoing mill circuit construction at Montauban [8] - The company is updating its Preliminary Economic Assessment (PEA) to reflect stronger gold and silver prices [8] - A 3D geological modeling project is underway to enhance exploration strategies [8] Leadership Commentary - The CEO of ESGold expressed enthusiasm for Espig's appointment, highlighting his combination of finance and operational mining experience as crucial for the company's growth [6] - Espig emphasized the transformational phase ESGold is entering, with a focus on scalable and sustainable production [7]