04:53 PM EST, 03/06/2024 (MT Newswires) -- Freegold Ventures Limited ( FGOVF ) has entered into an agreement with Paradigm Capital Inc. for a proposed best efforts private placement financing for total proceeds of between $5 million and $7.5 million. The offering will consist of between 12.5 million and 18.75 million units at $0.40 each.

Each unit will be comprised of one common share and half of one share purchase warrant. Each whole warrant will be exercisable for two years from the closing date at an exercise price of $0.52 per share.

Net proceeds from the offering will be used for general corporate and working capital purposes.

The offering is expected to close on or about March 26.