Freegold raises C$7.28M; funds Alaska exploration

Freegold Ventures Ltd. May 20 reported closing a C$7.28 million financing in which it issued 40,461,766 units at C18 cents each.

Each unit consists of one Freegold common share and half of a purchase warrant.

Each whole warrant entitles the holder to purchase one Freegold share at C25 cents for a period of three years.

Freegold also granted Paradigm Capital Inc., the financing agent, an option to...