May 7 (Reuters) - Freegold Ventures Ltd FVL.TO :
* FREEGOLD ANNOUNCES $5 MILLION BROKERED PRIVATE PLACEMENT FINANCING
* FREEGOLD VENTURES - EACH UNIT & EACH SUBSCRIPTION RECEIPT WILL BE ISSUED AT C$0.17 PER UNIT FOR COMBINED GROSS PROCEEDS OF UP TO C$5 MILLION
* FREEGOLD VENTURES - EACH WHOLE WARRANT TO ENTITLE HOLDER THEREOF TO PURCHASE 1 COMMON SHARE AT $0.28, FOR PERIOD OF 2 YRS FOLLOWING CLOSING DATE
* FREEGOLD VENTURES LTD - ERIC SPROTT HAS AGREED TO INVEST $2 MILLION IN PRIVATE PLACEMENT