Business
Element79 Gold Announces Strategic Investment and Advisory Agreement with Crescita Capital LLC
Vancouver, British Columbia — TheNewswire -- February 12, 2025 — Element79 Gold Corp. (CSE: ELEM, FSE: 7YS0, OTC: ELMGF) (the "Company" or "Element79") is pleas
About this update from Element79 Gold Corp.
[{"type":"text","content":"Vancouver, British Columbia — TheNewswire -- February 12, 2025 — Element79 Gold Corp. (CSE: ELEM, FSE: 7YS0, OTC: ELMGF) (the \"Company\" or \"Element79\") is pleased to announce that it has entered into a new Investment and Advisory Agreement with Crescita Capital LLC (\"Crescita\"), effective February 7, 2025. This strategic agreement includes a CDN $5 million equity drawdown facility and advisory services aimed at accelerating the Company’s growth and enhancing its operational and financial objectives. Key Highlights of the Agreement: 1. CDN $5 Million Equity Drawdown Facility: Crescita has committed to providing Element79 with a non-revolving equity drawdown facility of up to CDN $5 million. This funding mechanism will allow Element79 to access capital in tranches during a defined commitment period. Proceeds are expected to support the Company’s ongoing exploration, mine development activities, and other corporate initiatives. Per the terms of the Agreement, on signing, Element79 is to issue 10,000,000 Common Shares (Fee Shares); and 62,500 Common Shares (Initial Consulting Fee Shares) at a deemed value of CAD $0.04 per Common Share; plus 2,939,965 Fee Warrants to Crescita Capital LLC. The Fee Warrants are exercisable for 5 years from the date of issuance with a Warrant Adjusted Exercise Price equal to the greater of (i) the VWAP of the Common Shares during the Warrant Exercise Price Adjustment Period, and (ii) the Exchange Minimum Price at the time the Warrants were originally issued, in any case, subject to the applicable Listing Rules. 2. Strategic Advisory Services: Crescita will deliver tailored advisory services to Element79, including guidance on business development, strategic mergers and acquisitions, and capital markets strategies. These services are designed to support Element79’s efforts to unlock value across its portfolio of mining assets and drive sustainable growth. 3. Aligned Interests and Growth Focus: Crescita has been an investor in Element79 Gold Corp’s growth and development since 2021. This new Agreement reflects Crescita’s confidence in Element79’s vision and new mine development-focused strategy. In addition to providing funding, Crescita’s extensive expertise in project development, financing, global capital markets and corporate strategy is expected to be a key d...