Tuesday May 26, 2009, 4:30 pm EDT
VANCOUVER, May 26 /CNW/ -
Freegold Ventures Limited -
(TSX: ITF, OTCBB: FGOVF, Frankfurt: FR4) announces that is in discussions with various parties, including insiders of the Company, with respect to a proposed private placement for up to $300,000. Terms of the private placement have not been settled but any such placement would be subject to the pricing and other rules of the Toronto Stock Exchange and regulatory approval. No assurance can be given that the financing will be completed. Proceeds of the placement, if completed, will be used for general working capital purposes.
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.
This press release contains forward-looking information. This forward-looking information includes, or may be based upon, estimates, forecasts, and statements as to management's expectations with respect to, among other things, anticipated future financing. Forward-looking information is based on the opinions and estimates of management at the date the information is given, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. These factors include uncertainties relating to the availability and timing of such financing and other factors. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
For further information
Mark Feeney - Investor Relations, (604) 786-2587, mfeeney@freegoldventures.com
Recent FVL News
- Freegold Expands and Upgrades Resource at Golden Summit • PR Newswire (Canada) • 09/10/2024 12:33:00 PM
- Freegold Intersects 4.63 g/t Au over 65.9 Metres at Golden Summit • PR Newswire (Canada) • 07/22/2024 09:00:00 AM
- 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
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