Daura Gold Corp. Issues Correction to News Release Announcing Shares for Debt Transaction
Daura Gold Corp. Issues Correction to News
Release Announcing Shares for Debt
Transaction
Vancouver, British Columbia--(Newsfile Corp. - February 21, 2025) - Daura Gold Corp. (TSXV: DGC)
(formerly Daura Capital Corp.) (the "
Company
" or "
Daura
") is announcing a correction to its news
release regarding the settlement of outstanding indebtedness for securities of the Company.
The Company's news release dated February 19, 2025 incorrectly stated the unit price and warrant
exercise price for the units issued in settlement of $101,200 in outstanding indebtedness owed to an
arms-length third party.
Pursuant to the polices of the TSX Venture Exchange (the "TSXV"), in settlement
of the indebtedness, the Company will issue an aggregate of 1,124,444 units (each a "Unit") at a price of
$0.09 per Unit.
Each Unit will consist of one common share of the Company and one warrant exercisable
at a price of $0.115 per share for a period of two years from the date of issuance.
Closing remains subject to the approval of the TSX Venture Exchange. The securities to be issued
pursuant to the 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/241918