ELMGF - ELEMENT79 Announces Revocation of MCTO
(TheNewswire)
Vancouver – TheNewswire – March6, 2025 – Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE:7YS)("Element79 Gold", the "Company") is pleased to announce that effective March 5, 2025, theBritish Columbia Securities Commission (“BCSC”) has revoked thetemporary management cease trade order (the "MCTO") whichprevented the Company’s Officers, Board and Insiders from trading inthe Company’s securities but did not affect the ability of othershareholders, including the public, to trade in the securities of theCompany.
The Company confirms that on Feb 26, 2025, the filingof the audited annual financial statements for the year ended August31, 2024, along with the management's discussion and analysis andrelated CEO and CFO certificates (the “2024 Filings”) for theperiod, which were required to be filed on or before December 30,2024, were filed. On March 3, 2025 the quarterly financial statementsfor the three months ended November 30, 2024, along with themanagement's discussion and analysis and related CEO and CFOcertificates (the “2025 Q1 Filings”) for the period, which werefiled. Copies of the Required Filings are available under theCompany’s SEDAR+ profile at www.sedarplus.ca .
The Company is also no longer listed as being indefault on the BCSC’s reporting issuer list and on the reportingissuer list, or default list, of each jurisdiction of Canada in whichit is a reporting issuer to the extent that such jurisdictionmaintains a list and the Corporation's Officers, Board and Insidersare no longer prevented from trading in the Corporation's securities.
Clarification on Crescita Capital LLCWarrants
The Corporation wishes to clarify the number ofsecurities issued to Crescita Capital LLC as disclosed in it Feb 28,2025 news release, the number of Share purchase Warrants (the“Warrants”) Issued to Crescita were 2,939,965. The Warrants wereissued per the terms of the Crescita Equity Investment FacilityAgreement, the Warrants are exercisable for a period of five years ata Price of $0.05 per share.
For corporate matters, pleasecontact:
James C. Tworek, Chief Executive Officer
Email: jt@element79.gold
For investor relations inquiries,please contact:
Investor Relations Department
Phone: +1 (403)850.8050
Email: investors@element79.gold
Neither theCanadian Securities Exchange nor the Market Regulator (as that term isdefined in the policies of the Canadian Securities Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
Certain statements in this NewsRelease, which are not historical in nature, constitute “forwardlooking statements” within the meaning of that phrase underapplicable Canadian securities law. These statements include, but arenot limited to, statements or information concerning future workprograms, results and timing of any work programs, the Company’sperformance or events as of the date hereof. These statements reflectmanagement’s current assumptions and expectations and by theirnature are subject to certain underlying assumptions, known andunknown risks and uncertainties and other factors which may causeactual results, performance or events to be materially different fromthose expressed or implied by such forward-looking statements.
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