Element79 Gold Announces Draw Down on Equity Facility with Crescita
Element79 Gold Announces Draw Down on Equity Facility with Crescita
Vancouver – TheNewswire – February 28, 202 5 – Element79 Gold Corp. (CSE:ELEM)
(OTC:ELMGF) (FSE:7YS) ("Element79 Gold", the "Company") a mining company focused on
gold and silver, announces that it has recently leveraged its Crescita Equity Investment Facility
("Crescita Capital"), details of the Facility Agreement can be found in the original announcement on
February 12, 2025. The Company has recently drawn CA$185,000 from this new facility.
The Company has further issued an aggregate total of 10,062,500 shares to Crescita pursuant to the terms
of the Facility Agreement (the “Agreement”), as well as a total of 2,939,965 Share purchase Warrants
(the “Warrants”) to Crescita per the terms of the Agreement , the Warrants are exercisable for a period
of five years at a Price of $0.05 per share.
Proceeds from the above-mentioned draw from Crescita Capital will be used for operations including
legal fees. accounting audits, annual project claim lease fees and the advancement of the social contract
development in Peru to allow the Lucero work plan to unfold.
About Crescita Capital
Crescita Capital is an investment and consultancy group that provides alternative financing and
corporate development services for seed to growth-stage companies in emerging markets around the
world. www.Crescita.capital Between 2021 and 2023, the Company worked with Crescita,
drawing $7,104,500 to support its operations and develop its portfolio of mining assets.
For corporate matters, please contact:
James C. Tworek, Chief Executive Officer
Email: [email protected]
For investor relations inquiries, please contact:
Investor Relations Department
Phone: +1 (403)850.8050
Email: [email protected]
Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of
the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements in this News Release, which are not historical in nature, constitute “forward looking
statements” within the meaning of that phrase under applicable Canadian securities law. These statements
include, but are not limited to, statements or information concerning future work programs, results and timing
of any work programs, the Company’s performance or events as of the date hereof. These statements reflect
management’s current assumptions and expectations and by their nature are subject to certain underlying
assumptions, known and unknown risks and uncertainties and other factors which may cause actual results,
performance or events to be materially different from those expressed or implied by such forward -looking
statements. Those risks inc lude the interpretation of drill results; the geology, grade and continuity of mineral
deposits; the possibility that future exploration, development or mining results will not be consistent with our
expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory,
recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general
market and mining exploration risks and production and economic risks related to design and eng ineering,
manufacturing, technological processes and test procedures and the risk that the project’s output will not be
salable at a price that will cover the project’s operating and maintenance costs. Forward -looking statements
should not be construed as investment advice. Readers should conduct a detailed, independent investigation and
analysis of the Company and are encouraged to seek independent professional advice before making any
investment decision. Accordingly, readers should not place undue relian ce on any forward -looking statement.
Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any
forward-looking statements to reflect events or changes in circumstances that occur after the date hereof.