Business
Daura Gold Announces Closing of Qualifying Transaction
Vancouver, British Columbia — (January 21, 2025) – Daura Gold Corp. (formerly Daura Capital Corp.) (TSXV:DGC) (the “Company” or “Daura”) is pleased to announce
About this update from Daura Gold Corp.
[{"type":"text","content":"Vancouver, British Columbia — (January 21, 2025) – Daura Gold Corp. (formerly Daura Capital Corp.) (TSXV:DGC) (the “Company” or “Daura”) is pleased to announce that it has closed its previously announced qualifying transaction involving the acquisition of Estrella Gold S.A.C. (the “Qualifying Transaction”). Subject to final acceptance by the TSX Venture Exchange (the “TSXV”), the Company will be a Tier 2 Mining issuer focused on the exploration and development of its Cochabamba Project, located in the Ancash Region of north-central Peru. In conjunction with the closing of the Qualifying Transaction, the Company: Completed a non-brokered private placement financing (the “Concurrent Financing”) for aggregate gross proceeds of $1,466,623, Settled outstanding indebtedness of the Company totaling $186,184 in a shares-for-debt transaction (the “Debt Settlement”), and Changed its name to “Daura Gold Corp.” Final acceptance by the TSXV of the Qualifying Transaction will occur upon issuance of the TSXV’s final bulletin (the “Final Bulletin”). Subject to issuance of the Final Bulletin, trading in the Company’s common shares is expected to begin on the TSXV under its new name “Daura Gold Corp.” and the trading symbol “DGC.” Trading is expected to commence under the new symbol at the opening of markets on or about January 27, 2025. Shareholders of the Company are not required to take any action with respect to the name change or exchange their existing share certificates for new ones. Qualifying Transaction Pursuant to the terms of the share exchange agreement (the “Share Exchange Agreement”) among the Company, Estrella Gold S.A.C. (“Estrella”), and its shareholders, the Company acquired all of the outstanding shares of Estrella for a total consideration of 7,000,000 common shares of Daura. Estrella owns a 100% interest in the mining concessions comprising the Cochabamba Project, located in the Ancash Region of north-central Peru. This includes the Antonella Gold Project, a 900-hectare exploration concession adjacent to the San Luis Gold Project recently acquired by Highlander Silver Corp. Additional details of the Qualifying Transaction are included in the Company’s filing statement dated December 19, 2024 (the “Filing Statement”), which is available under Daura’s profile on SEDAR+ at www.sedarplus.ca. Concurrent Financing and De...