FREEGOLD VENTURES (Berlin:FR4.BE) -
Volume: 246,597
its still early trading -
still higher than TSE -
http://finance.yahoo.com/lookup?s=FREEGOLD+VENTURES&t=S&m=ALL
FREEGOLD VENTURES - higher volumes in Germany -
Note.
Ex.
FREEGOLD VENTURES (FR4.F) -
http://finance.yahoo.com/q?s=FR4.F
FREEGOLD VENTURES (FR4.MU) -
http://finance.yahoo.com/q?s=FR4.MU
FREEGOLD VENTURES (FR4.DE) -
http://finance.yahoo.com/q?s=FR4.DE
Gold demands higher in Germany -
they don't trust the fiatz -
Gold the only Real Money -
Well, some Gold investor in Canada knows -
Mr. McEwen is subscribing for 4.5 million units for proceeds
of C$ 5,175,000, and Sprott Asset Management, as portfolio
manager for various Sprott funds has subscribed for 900,000
units for proceeds of C$ 1,035,000.
Each unit is comprised of one common share of the Company
and one-half of one common share purchase warrant.
Each whole warrant entitles the holder to acquire one common
share for C$ 1.60 for a term of two years from the date
of closing.
In addition, the Company will be issuing an additional 100,000
units on a non-brokered basis bringing the total placement
to 5.5 million units with total proceeds of
C$ 6.325 million.
No finder's fee or commissions are being paid in connection
with any of these financings.
Upon completion of the placement, Mr. McEwen will own 8.2%
of the Company's issued shares.
Sprott Asset Management, currently the largest shareholder
of the Company, will be increasing its stake in the Company
after completion of the placement from 9.9% to 10.5%.
Rob McEwen is Chairman and CEO of US Gold
(AMEX & TSX: UXG) and Lexam Explorations (TSX: LEX) and
was the founder and former Chairman and CEO of Goldcorp,
which is the world's lowest cost million ounce gold producer.
He has been honored with such awards as the Northern Miner's
Man of the Year Award, the Prospectors and
Developers Association of Canada's Developer of the Year award,
the Ernst & Young's Ontario Entrepreneur of the Year Award
in the Energy Category and was most recently recognized
as Canada's most innovative C.E.O. by Canadian Business
Magazine.
Proceeds of this financing will be used to continue to fund
the on-going resource expansion drilling and economic
evaluations at the Almaden Project in Idaho, to fund
the ongoing shallow and subsequent deeper drilling programs
at the Golden Summit project in Alaska, to commence new
summer-fall exploration programs on the Vinasale and
Rob projects in Alaska, to fund the continued investigation
of acquisition opportunities, and for general working
capital purposes.
Freegold Ventures Limited is a North American exploration
company with a new management team experienced in mine
development and production that is actively exploring
advanced-stage gold projects in Idaho and Alaska.
Freegold holds a 100% lease interest in the Almaden gold
project in Idaho.
This large tonnage epithermal gold deposit was the subject
of a feasibility study in 1997 calling for the development
of a 95,000 oz/year open pit, heap leach mine.
Freegold is currently finalizing a 34,000-foot drilling
program aimed at further expanding the size of the
resource prior to undertaking new economic evaluations
in 2007.
Drilling at depth and to the north and south of the known
mineralization is continuing to identify new extensions
to the deposit.
Freegold is also discovering new high-grade veins and
bulk tonnage shear zones in its 25,000-foot drill program
at its Golden Summit project outside Fairbanks, Alaska.
A 10,000-ton bulk sample collected in the fall of 2006
was successful in uncovered numerous zones of high-grade
surface gold mineralization. Pending permit completion,
on-site processing of this bulk sample material plus
additional high-grade surface mineralization is expected
to commence in late summer 2007.
Freegold has also recently optioned the Vinasale Gold Deposit
in Alaska, from Doyon, Limited.
Geophysical, mapping and sampling programs will be carried
out on the property in 2007.
On behalf of the Board of Directors
Steve Manz
President and C.E.O.
CONTACT:
Kristina Walcott, VP Corporate Development,
(604) 685-1870,
1-800-667-1870,
jkw@freegoldventures.com
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Recent FVL News
- Freegold Announces Start of 2024 Drilling Program at Golden Summit • PR Newswire (Canada) • 04/23/2024 09:00:00 AM
- Freegold Reports 2023 Final Results - Continues to Confirm Western Expansion • PR Newswire (Canada) • 04/17/2024 10:00:00 AM
- Freegold Announces 2024 Plans for Golden Summit Drilling to Commence Shortly • PR Newswire (Canada) • 04/09/2024 07:40:00 PM
- FREEGOLD ANNOUNCES CLOSING OF $10 MILLION BROKERED PRIVATE PLACEMENT FINANCING • PR Newswire (Canada) • 03/26/2024 07:58:00 PM
- FREEGOLD VENTURES LIMITED ANNOUNCES UPSIZE OF PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT TO $10 MILLION • PR Newswire (Canada) • 03/08/2024 12:37:00 PM
- FREEGOLD VENTURES LIMITED ANNOUNCES $5 MILLION BEST EFFORTS PRIVATE PLACEMENT FINANCING • PR Newswire (Canada) • 03/06/2024 09:46:00 PM
- Freegold Intersects 1.4 m grading 34.4 g/t Au and 2.3 metres grading 20 g/t Au in Saddle Zone Drilling and Completes Acquisition of the Tolovana Claims • PR Newswire (Canada) • 02/22/2024 10:00:00 AM
- Freegold Continues to Intercept Higher Grade Mineralization in Western Expansion Drilling at Golden Summit • PR Newswire (Canada) • 02/07/2024 10:00:00 AM
- Freegold Intersects 4.25 g/t Au over 67.1m and 4.09 g/t over 23.9m within 276.5m grading 1.76 g/t Au in the Initial Western Expansion Drilling at Golden Summit • PR Newswire (Canada) • 12/04/2023 01:43:00 PM
- Freegold Intersects 2.6 g/t Au over 24.5 m at Golden Summit • PR Newswire (Canada) • 11/07/2023 09:00:00 AM
- Freegold Intersects 1.44 g/t Au over 31.4 m at Golden Summit • PR Newswire (Canada) • 11/02/2023 08:00:00 AM
- Freegold Intersects 1.05g/t Au over 164.3m including 1.48 g/t over 45.7m at Golden Summit • PR Newswire (Canada) • 10/23/2023 11:45:00 AM
- FREEGOLD CONTINUES TO EXTEND MINERALIZATION TO THE WEST WITH MULTIPLE HIGH GRADE INTERCEPTS • PR Newswire (Canada) • 10/11/2023 10:00:00 AM
- FREEGOLD INTERSECTS 72.3 M GRADING 2.3 G/T AU AT GOLDEN SUMMIT • PR Newswire (Canada) • 08/31/2023 10:00:00 AM
- FREEGOLD INTERSECTS 1.01 G/T AU OVER 256 M AT GOLDEN SUMMIT • PR Newswire (Canada) • 07/20/2023 11:00:00 AM
- Results of the Annual General Meeting • PR Newswire (Canada) • 06/30/2023 08:37:00 PM
- FREEGOLD EXTENDS MINERALIZATION 400 METRES TO THE NORTH AT GOLDEN SUMMIT • PR Newswire (Canada) • 06/01/2023 11:30:00 AM
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