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Daura Gold Announces Completion of Shares for Debt Transaction and Additional Shares for Debt Settlement
Vancouver, British Columbia--(Newsfile Corp. - April 2, 2025) - Daura Gold Corp. (TSXV: DGC) (for...
About this update from Daura Gold Corp.
[{"type":"text","content":"Daura Gold Announces Completion of Shares for Debt Transaction and Additional Shares for Debt SettlementVancouver, British Columbia--(Newsfile Corp. - April 2, 2025) - Daura Gold Corp. (TSXV: DGC) (formerly Daura Capital Corp.) (the \"Company\" or \"Daura\") is pleased to announce the completion of its previously announced shares for debt transaction and the settlement of additional indebtedness for securities of the Company.Further to the Company's news releases dated February 19, 2025 and February 21, 2025, the Company has completed its previously announced securities for debt settlement (the \"February Debt Settlement\"), issuing 1,124,444 units (each a \"February Debt Settlement Unit\") at a price of $0.09 per February Debt Settlement Unit to settle $101,200 in indebtedness owed to an arms-length third party investor. As previously announced, each February Debt Settlement Unit consisted of one common share of the Company and one common share purchase warrant exercisable at a price of $0.115 per share for two years from the date of issuance.In addition, the Company has agreed to settle (the \"April Debt Settlement\") an additional $27,033.35 in indebtedness owed to a separate arms-length third party for 200,247 units (the \"April Debt Settlement Units\") at a price of $0.135 per April Debt Settlement Unit. Each April Debt Settlement Unit will consist of one common share of the Company and one common share purchase warrant exercisable at a price of $0.175 per share for two years from the date of issuance.Closing of the April Debt Settlement is subject to customary closing conditions, including the approval of the TSX Venture Exchange (\"TSXV\"). The securities to be issued pursuant to the February Debt Settlement and the April 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 TSXV policies.About Daura Gold Corp.Listed on the TSX Venture Exchange, Daura Gold Corp is advancing high-impact exploration projects in Peru's renowned Ancash region. Daura Gold owns a 100% 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. For further information, please contact:Daura Gold Corp.543 Granvi...