Agoracom: Small Cap Investment - Freegold Ventures Limited - Freegold To Raise $1 million in Private Placement

Gold Exploration & Development

Almaden Project, Idaho, Golden Summit, Vinasale & Rob Projects, Alaska.

Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Have a great Sunday, especially those of you like me that are celebrating Orthodox Easter ... As well as those of you who are also like me and mourning another Maple Leafs Game 7 exit ... Ugggh!

Sincerely,

George et al

Reply New Message

Back To Forum List View

RockLicker

Rank: President [?]

Points: 101894 [?]

Votes: 328 Score: 3.9 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Freegold To Raise $1 million in Private Placement

posted on Jan 28, 2011 05:10PM

cnw

VANCOUVER, Jan. 28 /CNW/ - Freegold Ventures Limited (TSX: FVL
Frankfurt: FR4N) ("Freegold") is pleased to announce a non-brokered private placement of
2,083,333("Units"), priced @ $0.48 per Unit. Each unit will consist of
one common share (a "Share") and one common share purchase warrant (a
'Warrant"). Each Warrant will entitle the holder to acquire an
additional Share at a price of $0.59 for a period of one year from the
date of closing and at a price of $0.65 between one year and two years
from closing. Insiders may subscribe for up to 1,459,000 units of the
placement. The closing of this financing will take place as soon as
possible. The foregoing is subject to regulatory approval.

Freegold is also pleased to announcement the commencement of diamond
drilling on its Golden Summit Project by mid February. A total of 5,000
metres (16,500 feet) is planned and is aimed at additional resource
delineation on the project. Resources calculations for both the
Vinasale and Golden Summit Projects are currently underway.

About Freegold Ventures Limited

Freegold is a TSX listed company focused on the exploration of gold
projects in Alaska. In addition to the Golden Summit Gold Project, the
company holds a 100% in lease 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:

Kristina Walcott-President and CEO Telephone: 1.604.662.7307 [email protected]

Reply New Message

Back To Forum List View

Please to post a reply