Daura Gold Announces Completion of Shares for Debt Transaction and Additional Shares for Debt Settlement
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)
(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 Granville, Suite 501
Vancouver BC V6C 1X8
William T.P. Tsang CFO and Secretary
(604) 669-0660
Cautionary Statement Regarding Forward Looking Information:
Information set forth in this news release contains forward-looking statements. These statements
reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees
of future performance. Daura cautions that all forward-looking statements are inherently uncertain and
that actual performance may be affected by a number of material factors, many of which are beyond
Daura's control. Such factors include, among other things: future prices and the supply of gold and
other precious and other metals; future demand for gold and other valuable metals; inability to raise
the money necessary to incur the expenditures required to retain and advance the property;
environmental liabilities (known and unknown); general business, economic, competitive, political and
social uncertainties; results of exploration programs; risks of the mineral exploration industry; delays
in obtaining governmental approvals; and failure to obtain necessary regulatory or shareholder
approvals. There can be no assurance that such statements will prove to be accurate, as actual
results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking statements. Daura disclaims
any intention or obligation to update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise, except as required by law.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER
(AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/247023