Freegold Ventures (TSE:FVL) has released an update.
Freegold Ventures Limited has successfully completed a $10 million brokered private placement financing, with Paradigm Capital serving as the sole agent. The funds raised through the issuance of 25 million units at $0.40 each, including shares and warrants, will be allocated to exploration activities on the company’s Alaskan mineral projects and for general corporate purposes. Renowned investor Eric Sprott participated significantly, maintaining approximately 27.1% ownership post-offering.
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