Freegold Ventures Announces Closing of Equity Financing
For Immediate Release
www.freegoldventures.com
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NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES
FREEGOLD VENTURES ANNOUNCES CLOSING OF EQUITY FINANCING
September 19, 2017 (Vancouver, BC) – Freegold Ventures Limited ("Freegold" or the "Corporation")
(TSX:FVL) is pleased to announce that it has closed its previously announced marketed public offering (the
“Offering”) of units (the “Units”) of the Corporation for total gross proceeds of $ 3,005,112. The Corporation
has issued 25,042,600 Units at a price of $0.12 per Unit. The Offering was completed through Paradigm
Capital Inc. (the “Agent”), acting as agent.
Each Unit consists of one common share in the cap ital of Freegold and one -half of one common share
purchase warrant. Each whole common share purchase warrant entitles the holder thereof to purchase one
common share at any time prior to 5:00 p.m. (Toronto time) on the date that is two years following the
closing date of the Offering at a price of $0.18.The Corporation has also granted the Agent an option to
cover over-allotments and for market stabilization purposes (the “Over Allotment Option”), which will allow
the Agent to arrange for purchasers to acqu ire up to an additional 15% of the Units issued pursuant to the
Offering. The Over Allotment Option will be exercisable, in whole or in part, at any time until noon (Toronto
time) on the 30th day following the closing of the Offering.
The Corporation intends to use the net proceeds of the Offering for exploration work to be completed at the
Corporation’s Shorty Creek and Golden Summit projects in Alaska and for general working capital purposes.
The Offering was completed pursuant to the final short form prospectus of the Corporation dated September
11th, 2017 (the “Prospectus”), which has been filed in each of the provinces of Alberta, British Columbia and
Ontario. The Prospectus contains important detailed information about the securities being offered. Investors
should read the prospectus before making an investment decision. A copy of the Prospectus is available on
SEDAR at www.sedar.com or from the Agent by contacting the Agent at [email protected].
This press release does not constitute an offer of securities for sale in the United States or to “U.S. persons”
(“U.S. persons”), as such term is defined in Regulation S promulgated under the United States Securities Act
of 1933, as amended (the “U.S. Securities Act”). The securities being offered have not been, nor will be,
registered under the U.S. Securities Act or any state securities laws, and may not be offered or sold in the
United States or to U.S. persons absent registration or an applicable exemption from such registration
requirements.
About Freegold Ventures Limited
Freegold is a TSX listed company focused on exploration in Alaska and holds the Golden Summit Gold
Project, near Fairbanks as well as a 100% lease interest on the Shorty Creek Copper – Gold –
Molybdenum Project near Livengood.
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For further information:
Kristina Walcott-President and CEO
Telephone: 1.604.662.7307
This news release contains “forward -looking information” which may include, but is not limited to,
statements with respect to the Offering, including the use of net proceeds therefrom. Often, but not
always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is
expected”, “ budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes”, or
variations (including negative variations of such words and phrases), or state that certain actions, events
or results “may”, “could”, “would”, “might”, or “will be taken”, “occur” or “be achieved”. In making the
forward-looking statements in this news release, the Corporation has applied certain factors and
assumptions that it believes are reasonable, including that there is no material deterioration in general
business and economic conditions; that there are no adverse changes in relevant laws or regulations; that
the supply and demand for, deliveries of, and the level and volatility of prices of metals and minerals
develop as expected; that the Corporation receives any regulatory and governmental approvals for its
projects on a timely basis; that the Corporation is able to obtain financing on reasonable terms; that the
Corporation is able to procure equipment and supplies in sufficient quantities and on a timely bas is; that
engineering and exploration timetables and capital costs for the Corporation’s exploration plans are not
incorrectly estimated or affected by unforeseen circumstances and that any environmental and other
proceedings or disputes are satisfactorily resolved.
However, forward -looking statements involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of the Corporation and/or its
subsidiaries to be materially different from any f uture results, performance or achievements expressed or
implied by the forward-looking statements. Such factors include, among others, the inherent risks involved
in the exploration and development of mineral properties, the uncertainties involved in inter preting drilling
results and other geological data, fluctuating metal prices, the possibility of unanticipated costs and
expenses, uncertainties relating to the availability and costs of financing needed in the future and
uncertainties related to metal recoveries, those factors discussed or referred to under “Risk Factors” in the
Corporation’s annual information form for the year ended December 31, 2016 dated March 31, 2017.
Although the Corporation has attempted to identify important factors that could cau se actual actions,
events or results to differ materially from those described in forward -looking statements, there may be
other factors that cause actions, events or results to differ from those anticipated, estimated or intended.
Forward-looking statements contained or incorporated by reference herein are made as of the date of this
news release, based on the opinions and estimates of management at that time. There can be no
assurance that forward -looking statements will prove to be accurate, as actual re sults and future events
could differ materially from those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward -looking statements. The Corporation does not undertake to update any
forward-looking statements, except as required by applicable securities laws.