01:26 PM EDT, 03/18/2025 (MT Newswires) -- Freegold Ventures ( FGOVF ) on Tuesday, along with Paradigm Capital, agreed to increase the size of their previously announced best-efforts private placement financing by issuing up to raise up to $36.5 million, up from its prior $30-million target.

The company will now place up to 42.5-million units priced at $0.85 apiece and made up of a share and one-half of a two-year warrant to buy a second share for $1.30.

Freegold ( FGOVF ) will grant Paradigm a 15% over-allotment option.

Proceeds to be used for general working capital and corporate purposes.

Shares of the company were last seen down $0.03 to $0.90 on the Toronto Stock Exchange.

Price: 0.90, Change: -0.03, Percent Change: -3.23