Freegold Ventures ( (TSE:FVL) ) has provided an announcement.
Freegold Ventures Limited has announced a $30 million best efforts private placement financing agreement with Paradigm Capital Inc. This financing involves issuing up to 32,295,000 units at $0.85 per unit, with each unit consisting of one common share and one half of a common share purchase warrant. The proceeds will be used for general working capital and corporate purposes. The offering is set to close on or about April 3, 2025, subject to regulatory approvals and customary closing conditions. This move is expected to bolster Freegold Ventures’ financial position and support its exploration activities in Alaska.
More about Freegold Ventures
Freegold Ventures is a TSX-listed company focused on exploration in Alaska, holding the Golden Summit Gold Project near Fairbanks and the Shorty Creek Copper-Gold Project near Livengood through leases.
YTD Price Performance: 9.64%
Average Trading Volume: 270,457
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: C$426.9M
For an in-depth examination of FVL stock, go to TipRanks’ Stock Analysis page.