Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Investing

FREEGOLD VENTURES LIMITED. ANNOUNCES $30 MILLION BEST EFFORTS PRIVATE PLACEMENT FINANCING

by admin March 18, 2025
March 18, 2025
FREEGOLD VENTURES LIMITED. ANNOUNCES $30 MILLION BEST EFFORTS PRIVATE PLACEMENT FINANCING

/NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA , ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA ./

 Freegold Ventures Limited (TSX: FVL) (the ‘ Company ‘ or ‘ Freegold Ventures ‘), is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. (the ‘ Agent ‘), in connection with a proposed best efforts private placement financing (the ‘ Offering ‘) for total proceeds of up to approximately $ 30 million consisting of up to 32,295,000 units of the Company (the ‘ Units ‘) at a price of $ 0.85 per Unit. Each Unit will be comprised of one common share of the Company (a ‘ Unit Share ‘) and one half of one common share purchase warrant of the Company (each whole warrant, a ‘ Warrant ‘).

Each Warrant will be exercisable to acquire one common share of the Company (a ‘ Warrant Share ‘) for 24 months from the Closing Date at an exercise price of $ 1.30 per Warrant Share. The Warrants shall be callable by the Company should the daily volume-weighted average trading price of the common shares of the Company on the Toronto Stock Exchange exceed $1.30 for a period of twenty (20) consecutive trading days, at any time during the period (i) beginning on the date that is 6 months from the closing date of the Offering, and (ii) ending on the date the Warrants expire (the ‘ Call Trigger ‘). Following a Call Trigger, the Company may give notice (the ‘ Call Notice ‘) to the holders of the Warrants (by disseminating a news release announcing the acceleration) that any Warrant that remains unexercised by the holder thereof shall expire thirty days following the date on which the Call Notice is given.

The Company will grant the Agent an option (the ‘ Agent’s Option ‘) to sell up to that number of additional Units equal to 15% of the base Offering size, exercisable, by notice in writing to the Company, at any time not less than 48 hours prior to the Closing Date.

The Agent will be paid by the Company on closing of the Offering a cash commission equal to 6% of the gross proceeds of the Offering including on any exercise of the Over-Allotment Option (reduced to 3% on up to $1,000,000 in Units purchased by investors on the Company’s ‘president’s list’).

The net proceeds from the Offering will be used for general working capital and corporate purposes.

The Offering will be conducted in all provinces of Canada pursuant to private placement exemptions and in such other jurisdictions as are agreed to by the Company and the Agent. The Offering is expected to close on or about April 3, 2025 (the ‘ Closing Date ‘) and will be subject to regulatory approvals and customary closing conditions, including the listing of the Unit Shares and Warrant Shares on the Toronto Stock Exchange. All securities issued pursuant to the Offering will have a hold period of four months and one day.

The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’), or any U.S. state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States , nor may there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Freegold Ventures Limited

Freegold Ventures is a TSX-listed company focused on exploration in Alaska and holds the Golden Summit Gold Project near Fairbanks and the Shorty Creek Copper-Gold Project near Livengood through leases.

Forward-looking Information Cautionary Statement

Some statements in this news release contain forward-looking information. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the statements. Such factors include, without limitation, the completion of planned expenditures, the ability to complete exploration programs on schedule, and the success of the exploration programs.

SOURCE Freegold Ventures Limited

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2025/17/c1818.html

News Provided by Canada Newswire via QuoteMedia

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Agnico Eagle Expands Investment in Collective Mining with C$63.43 Million Commitment
next post
Ukraine’s Zelenskyy replaces top military official ahead of Trump-Putin call

Related Posts

Trump Administration Fast Tracks Permitting for Key US...

April 24, 2025

Nova Announces Closing of US$3.3m NASDAQ IPO

July 26, 2024

Results of Entitlement Offer

December 3, 2024

Trump Orders Security Probe on Rare Earths and...

April 23, 2025

Group Eleven Intersects 8.7m of 23.9% Zn+Pb and...

November 14, 2024

Gold Hits Fresh All-time High After Fed Cuts...

September 21, 2024

Crypto Market Recap: New Hampshire Launches First State...

May 8, 2025

Jindalee on Path to Emerge as Major US...

May 28, 2024

Altech – CERENERGY® First 60 KWh Prototype Online...

October 1, 2024

Outstanding Drill Results Confirm High Grade Uranium Mineralisation...

September 27, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • Strategic Chaos or Tactical Goldmine? What QQQ’s Chart is Whispering Right Now

      June 5, 2025
    • Why ADX Can Mislead You — And How to Avoid It

      June 5, 2025
    • S&P 500 on the Verge of 6,000: What’s at Stake?

      June 5, 2025
    • Speaker Johnson surprised by Musk’s criticism of ‘big, beautiful bill’: He’s ‘flat wrong’

      June 5, 2025
    • There’s a way to aid Gaza. I know, my foundation just helped deliver 7 million meals… without incident

      June 5, 2025

    Categories

    • Business (967)
    • Investing (2,320)
    • Politics (2,873)
    • Stocks (1,054)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 sportinvestorsleague.com | All Rights Reserved