- ESGold Corp., a development stage company committed to the acquisition, exploration, and development of high-quality mineral properties worldwide, has inked a C$9 million binding term sheet with Ocean Partners UK Ltd.
- The facility bolsters the company’s financial position while affording it flexibility as it advances exploration on its Montauban facility
- The funds will be drawn in two tranches of C$3 million and C$6 million, respectively, both dependent on anticipated Phase 1 and Phase 2 production on the facility
- This validates the company’s strategy of advancing permitted, low-capex projects designed to generate high-margin returns while minimizing dilution
ESGold (CSE: ESAU) (OTCQB: ESAUF), an development-stage company committed to the acquisition, exploration, and development of high-quality mineral properties worldwide, just inked a C$9 million binding term sheet with Ocean Partners UK Ltd. This agreement bolsters the company’s financial position, while affording it flexibility as it continues to explore and advance its Montauban Gold-Silver Project in Quebec. It is an incredible milestone that guarantees a stable, long-term sales channel for all its gold and silver dore, while further creating certainty around revenue realization and reinforcing the project’s economic foundation (https://ibn.fm/lisS4).
The Montauban project boasts a rich mining history dating back to the early 1900s. Located just 80km west of Quebec City, this facility combines immediate revenue potential for ESGold with transformational exploration upside. So far, the company has invested over C$15 million in infrastructure, including…
NOTE TO INVESTORS: The latest news and updates relating to ESAUF are available in the company’s newsroom at https://ibn.fm/ESAUF
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