12:40 PM EDT, 06/23/2025 (MT Newswires) -- ESGold ( ESAUF ) on Monday said it closed a non-brokered private placement that raised $3.32 million to advance its Montauban gold and silver project in Quebec.

The offering was made up of around 4.54-million units priced at $0.73 per unit and made up of a share and an 18-month warrant to buy a second share for $0.91.

"This financing marks a critical milestone for ESGold ( ESAUF ). With construction now underway, we are entering the final stages before initiating production. Together with our partners, we are building ESGold ( ESAUF ) into Canada's next producing mining company," chief executive Paul Mastantuono said.

The company's shares were last seen up $0.12 to $0.94 on the Canadian Securities Exchange.

Price: 0.97, Change: +0.15, Percent Change: +18.29