Saturday, October 25, 2025

Latest

Freeman Gold Closes $3.0 Million Strategic Financing

Freeman Gold (CSE: FMAN) has closed its previously announced financing. The strategic funding saw gross proceeds of $3.0 million raised for the firm to continue the development of its flagship Idaho property.

The offering saw a total of 11.5 million units of the company sold at $0.26 per unit. Each unit sold under the offering contains one common share and one common share purchase warrant. Warrants are valid for three years from the date of issuance and contain an exercise price of $0.35 per share.

Warrants issued under the offering also contain an acceleration clause, enabling the company to accelerate their expiry in the event the equity trades above $0.80 for a period of ten consecutive days.

Proceeds from the financing are to be used for exploration, further studies, and resource development of the Lemhi Project, as well as for general corporate purposes.

The closing of the financing follows the company last Thursday announcing that it has appointed mining legend Paul Matysek as Executive Chairman of the Board. Matysek has a number of successful mining transactions under his belt, selling numerous resource firms for an aggregate figure in excess of $2.5 billion.

Freeman Gold last traded at $0.40 on the CSE.


FULL DISCLOSURE: Freeman is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Freeman Gold on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

Freeman Gold Sees Paul Matysek Appointed As Executive Chairman

Freeman Gold Corp (CSE: FMAN) yesterday had a major announcement, in that it has appointed...

Thursday, September 2, 2021, 07:51:36 AM

Inca One Gold In Discussions For Significant Gold Pre-Payment Facility

Inca One Gold Corp (TSXV: INCA) this morning provided a small update on its ongoing...

Wednesday, June 23, 2021, 08:37:39 AM

Scorpio Gold Hits 21.26 g/t Gold Over 18.3 Metres In Nevada

Scorpio Gold (TSXV: SGN) this morning posted some rather impressive results from an ongoing drill...

Tuesday, September 7, 2021, 08:21:45 AM

Great Bear Intersects 2.10 G/T Gold Over 49.3 Metres In Latest Drilling Results

Great Bear Resources (TSXV: GBR) this morning released further drilling results from its ongoing program...

Thursday, June 3, 2021, 07:54:02 AM

New Found Gold Intersects 106.46 G/T Gold Over 9.15 Metres At Keats

New Found Gold (TSXV: NFG) has released drill results from ten additional holes that were...

Wednesday, April 7, 2021, 07:45:30 AM