Freegold Ventures Ltd T.FVL

Alternate Symbol(s): FGOVF

Metals & Mining Gold

Freegold Ventures Limited is an exploration stage company. The Company is engaged in the acquisition, exploration and evaluation of mineral properties. The Company is focused on exploration activities in Alaska on its Golden Summit and Shorty Creek Projects. The Golden Summit Project is a road accessible gold exploration project near Fairbanks, Alaska. The Project consists of several long-term leases, including Keystone Claims, Tolovana Claims, Newsboy Claims, Green Claims, Chatham Claims and Alaska Mental Health Trust Property and claims and lands owned by the Company. The property is comprised of 53 patented claims, 107 unpatented federal claims, and 240 State of Alaska claims that cover a total area of 5,971.6 hectares. The Shorty Creek Project is located 120 kilometers northwest of Fairbanks, Alaska and four kilometers to the south of the all-weather paved Elliott Highway within the Livengood-Tolovana Mining District.

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Freegold Ventures Ltd > THE BOTTOME LINE

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Comment by Teakboison Nov 02, 2021 6:45pm

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Post# 34079729

RE:THE BOTTOME LINE

RE: Cash......I think you may have failed to include the following in your estimate as the following occurred after June 2020.

Freegold Announces Conversion of Outstanding Subscription Receipts

T.FVL | September 21, 2020

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

VANCOUVER, BC , Sept. 21, 2020 /CNW/ - Freegold Ventures Limited (TSX: FVL) (" Freegold " or the " Company ") is pleased to announce that the 59,047,026 outstanding subscription receipts (the " Subscription Receipts ") of the Company have converted (the " Conversion ") into an aggregate of 59,047,026 common shares of the Company and 29,523,513 common share purchase warrants, and that, concurrently, an aggregate of CDN$39,154,007 (the " Escrowed Funds "), being the net proceeds remaining in escrow from the issuance of the Subscription Receipts pursuant to the Company's brokered private placement financings previously announced on May 26, 2020 , June 2, 2020 and July 29, 2020 (the " Financing Press Releases "), has been released from escrow to the Company (the " Escrow Release "