Announcing Debenture Unit Financial November 2024
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ESGold Corp. Announces Non-Brokered Debenture Unit
Financing
VANCOUVER, BRITISH COLUMBIA – November 7, 2024 – ESGold Corp. ("ESGold" or the
"Company") (CSE: ESAU, Frankfurt: N2W, OTC: SEKZF) today announced a non-brokered private
placement financing of up to four debenture units of the Company (“Debenture Units”) at a price of $10,000
per Debenture Unit, for aggregate gross proceeds of up to $40,000 (the “Offering”).
Each Debenture Unit will be comprised of: (i) a $ 10,000 principal amount of 0% unsecured convertible
debenture of the Company (the “ Debenture”); and (ii) 27,777 common share purchase warrants of the
Company (the “Warrants”). Each Warrant will entitle the holder thereof to acquire one common share in the
capital of the Company (each, a “ Share”) at an exercise price of $0.27 per Share for a period of 18 months
from the date of issuance.
The Company intends to use the net proceeds from the Offering for administrative expenses and for general
corporate purposes.
The Offering is expected to close in 5 business days on or about November 14, 2024. The Debentures are
unsecured and there is no interest payment. The Debentures will mature on the date that is 18 months following
the closing date of the Offering (the “Maturity Date”).
The principal amount of the Debentures will be convertib le into Shares at a conversion price of $0.18 (the
“Conversion Price”) at the option of the holder at any time following the date of issuance until the earlier of:
(i) the close of business on the last business day immediately preceding the Maturity Date; and (ii) the business
day immediately preceding the date fixed for redempti on of the Debentures by the Company. The Company
will have the right to force conversion at the Conversion Price if the Shares trade at a volume weighted average
price of $0.25 or greater for 10 consecutive days, for a period that commences after the statutory hold period
commences.
The securities issued pursuant to the Offering are subject to a statutory hold period of four (4) months plus
one (1) day from the issue date of the applicable Debenture Unit in accordance with applicable securities
legislation. Closing of the Offering and the issuance of the securities described hereunder are subject to a
number of conditions, including receipt of all necessar y regulatory and corporate approvals, including
approval from the Exchange.
Pour une traduction française de ce communiqué de presse, veuillez visiter notre site Web à
www.esgold.com.
About ESGold Corp.
ESGold Corp. is a resource exploration and processi ng company focused on environmentally responsible
development. With proven expertise in Quebec, the co mpany is advancing its e xploration projects toward
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feasibility and production, aiming to generate long- term value through sustainable resource recovery.
ESGold’s flagship Montauban property, located 80 kilometers west of Quebec City, exemplifies its
commitment to sustainability and responsible res ource management, positioning it as a forward-thinking
leader in the sector as it prepares for future production phases.
For more information on ESGold Corp. please contact th e Company (+1 514-712-1532) or visit the website
www.esgold.com for the French version of this press release, for past news releases, 3D model of the
Montauban processing plant, media interviews and opinion-editorial pieces. To keep up with what's going on
with ESGold please join our shareholders chat room on telegram :https://t.me/+SQeyLoDRjIAwMDVh
On behalf of the Board of Directors,
ESGold Corp.
“Paul Mastantuono”
Chief Executive Officer
Tel: +1 514-712-1532
Email: [email protected]
Neither the Canadian Securities Exchange nor its Regulation Services Provider accept responsibility for
the adequacy or accuracy of this release.