Friday May 8, 2009, 4:45 pm EDT
VANCOUVER, May 8 /CNW/ -
Freegold Ventures Limited
(TSX: ITF, OTCBB: FGOVF, Frankfurt: FR4) announces that Steve Manz has resigned as /President and Chief Executive Officer and a director of Freegold.
As indicated in its recent news releases, the Company is currently pursuing a number of alternatives in order to satisfy its various debt obligations and to provide additional working capital to the Company, as it currently does not have the ability to repay its existing secured loans. These include ongoing discussions with parties that have expressed an interest in the possible purchase of individual projects and in the possibility of business combinations. There is no assurance that the Company will be able to successfully conclude any such transaction or arrange financing sufficient to satisfy its creditors.
About Freegold Ventures Limited
Freegold Ventures Limited is a North American exploration and development company. The Company is currently exploring advanced-stage gold projects in Idaho and Alaska. Freegold holds a 100% lease interest in the Almaden gold project in southern Idaho, a 93% interest in the Golden Summit gold project outside Fairbanks, Alaska, and near the Fort Knox gold mine, a 100% interest in the Rob gold project near the Pogo gold mine in the Goodpaster Mining District of Alaska, and has an exploration agreement with option to lease the Vinasale gold project in central Alaska.
For further information
Mark Feeney, Investor Relations, (604) 786-2587, mfeeney@freegoldventures.com
Recent FVL News
- Results of the Annual General and Special Meeting • PR Newswire (Canada) • 06/28/2024 08:01:00 PM
- Freegold Announces Positive Metallurgical Results from Golden Summit • PR Newswire (Canada) • 06/12/2024 11:00:00 AM
- 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
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