P2 Gold Announces Convertible Debenture Interest Payment
P2 Gold Announces Convertible Debenture
Interest Payment
VANCOUVER, BC
,
July 14, 2025
/CNW/ -
P2 Gold Inc.
("P2" or the "Company") (TSXV: PGLD)
(OTCQB: PGLDF) reports that under the terms of the convertible debentures (the "Convertible
Debentures") issued on
March 4, 2024
and
March 14, 2024
(
see news releases dated
March 5,
2024
and
March 14, 2024
), it has elected to satisfy its obligation to pay accrued interest in shares
of the Company.
At
June 30, 2025
, Convertible Debentures having an aggregate value of
$1,189,500
were
outstanding (Convertible Debentures having an aggregate value of
$475,500
were converted into
shares of the Company prior to
June 30, 2025
). The Company has elected to pay an aggregate of
$44,239.65
in interest accrued on the
$1,189,500
of Convertible Debentures by issuing to such
debenture holders for the interest payment (the "Interest Payment") due
June 30, 2025
an
aggregate of 303,394 common shares of the Company.
The Company will pay to each such debenture holder approximately 255.06 common shares per
$1,000
principal amount of Convertible Debentures held as at the applicable interest payment record
date. Under the terms of the Convertible Debentures, no fractional common shares will be delivered
upon payment of the interest obligation. The issuance of common shares in payment of interest
remains subject to the approval of the TSX Venture Exchange (the "Exchange"). The common
shares to be issued in respect of the Interest Payment will be subject to a hold period of four months
from the date of issuance.
About P2 Gold Inc.
P2 Gold is a mineral exploration and development company focused on advancing its gold-copper
Gabbs Project on the Walker Lane Trend in
Nevada
. A positive preliminary economic assessment
has outlined a long-life, mid-size mine at Gabbs with annual average production of 104,000 ounces
gold and 13,500 tonnes copper over a 14.2 year mine life.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Information
This press release contains "forward-looking information" within the meaning of applicable securities
laws that is intended to be covered by the safe harbours created by those laws. "Forward-looking
information" includes statements that use forward-looking terminology such as "may", "will", "expect",
"anticipate", "believe", "continue", "potential" or the negative thereof or other variations thereof or
comparable terminology. Such forward-looking information includes, without limitation, information
with respect to the Company's expectations, strategies and plans for its exploration and
development projects.
Forward-looking information is not a guarantee of future performance and is based upon a number
of estimates and assumptions of management at the date the statements are made. Furthermore,
such forward-looking information involves a variety of known and unknown risks, uncertainties and
other factors which may cause the actual plans, intentions, activities, results, performance or
achievements of the Company to be materially different from any future plans, intentions, activities,
results, performance or achievements expressed or implied by such forward-looking information.
See "Risk Factors" in the Company's annual information form for the year ended
December 31,
2024
, dated
March 21, 2025
filed on SEDAR+ at
www.sedarplus.com
for a discussion of these
risks.
The Company cautions that there can be no assurance that forward-looking information will prove to
be accurate, as actual results and future events could differ materially from those anticipated in such
information. Accordingly, investors should not place undue reliance on forward-looking information.
Except as required by law, the Company does not assume any obligation to release publicly any
revisions to forward-looking information contained in this press release to reflect events or
circumstances after the date hereof.
SOURCE
P2 Gold Inc.
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%SEDAR: 00045664E
For further information:
For further information, please contact: Joseph Ovsenek, President &
CEO, (778) 731-1055, P2 Gold Inc., Suite 789, 999, Hastings Street, Vancouver, BC, V6C 2W2,
[email protected], (SEDAR filings: P2 Gold Inc.); Michelle Romero, Executive Vice President, (778)
731-1060
CO: P2 Gold Inc.
CNW 18:00e 14-JUL-25