Mr. William Tsang reports
DAURA GOLD CORP. ISSUES CORRECTION TO NEWS RELEASE ANNOUNCING SHARES FOR DEBT TRANSACTION
Daura Gold Corp. has corrected its news release regarding the settlement of outstanding indebtedness for securities of the company.
The company's news release dated Feb. 19, 2025, incorrectly stated the unit price and warrant exercise price for the units issued in settlement of $101,200 in outstanding indebtedness owed to an arm's-length third party. Pursuant to the polices of the TSX Venture Exchange, in settlement of the indebtedness, the company will issue an aggregate of 1,124,444 units at a price of nine cents per unit. Each unit will consist of one common share of the company and one warrant exercisable at a price of 11.5 cents per share for a period of two years from the date of issuance.
Closing remains subject to the approval of the TSX Venture Exchange. The securities to be issued pursuant to the debt settlement will be subject to a hold period of four months and one day following the date of issuance, in accordance with applicable securities laws and TSX-V policies.
About Daura Gold Corp.
Listed on the TSX Venture Exchange, Daura Gold is advancing high-impact exploration projects in Peru's renowned Ancash region. Daura Gold owns a 100-per-cent undivided interest in over 8,100 hectares of exploration concessions in Ancash, including the 900-hectare Antonella target, which is the primary focus of Daura Gold's current exploration efforts.
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