VANCOUVER, BC, March 26, 2024 /CNW/ – Freegold Ventures Limited (TSX: FVL) (“Freegold” or the “Company“), is pleased to announce that further to its news release of March 8, 2024, the Company has closed its upsized brokered private placement offering for aggregate gross proceeds of $10,000,000). Paradigm Capital acted as sole agent (the “Agent“) on the Offering.
In connection with the Offering, the Company entered into an agency agreement (the “Agency Agreement“) dated March 26, 2024, between the Company and the Agent. In accordance with the Agency Agreement, 25,000,000 units of the Company (the “Units“) were issued at a price of $0.40 per Unit. Each Unit is 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 is exercisable to acquire one common share of the Company (a “Warrant Share“) for 24 months from today’s…
