Mr. James Tworek reports
ELEMENT79 GOLD ANNOUNCES DRAW DOWN ON EQUITY FACILITY WITH CRESCITA
Element79 Gold Corp. recently leveraged its Crescita Capital equity investment facility, details of the facility agreement can be found in the original announcement on Feb. 12, 2022. The company has recently drawn $185,000 from this new facility.
The company has further issued an aggregate total of 10,062,500 shares to Crescita pursuant to the terms of the facility agreement, as well as a total of 13,002,465 share purchase warrants to Crescita per the terms of the agreement. The warrants are exercisable for a period of five years at an price of five cents per share.
Proceeds from the above-mentioned draw from Crescita Capital will be used for operations including legal fees, accounting audits, annual project claim lease fees and the advancement of the social contract development in Peru to allow the Lucero work plan to unfold.
We seek Safe Harbor.
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