(TheNewswire)
VANCOUVER, BRITISH COLUMBIA –October 12, 2022 – ESGold Corp.(“ ESGold ” or the “ Company ”) ( CSE:ESAU ) , ( Frankfurt: N2W ) , ( OTC: SEKZF ) announces that it has agreed to settle an aggregate amountof $199,897.32 in bona fide debt (the “ Debt ”) with anarm’s length creditor of the Company (the “ Creditor ”). In settlement of the Debt, the Company:
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paid the Creditor $50,000 in cash on October 3, 2022;
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paid the Creditor $50,000 in cash on October 7, 2022;and
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will issue the Creditor 1,200,000 common shares in thecapital of the Company (the Shares ”) at a deemed price of $0.10 perShare (the “ DebtSettlement ”).
The Shares issued in connection with the DebtSettlement will be subject to a statutory hold period of four monthsplus a day from the date of issuance in accordance with applicablesecurities legislation.
ESGold Corp. is a Canadian environmentally awareresource exploration and processing company. Management hasdemonstrated expertise in advancing gold exploration projects intoacquisition targets, most notably in the province of Quebec.ESGold’s principal restoration and recovery project is the Montaubanproperty situated in Quebec, just 80 kilometers west of Quebec City.Recently, the Company has also entered into a joint venture agreementto determine the presence of recoverable metals in the Ottawa River,consistent with ESGold’s commitment to environmental recoverysolutions. The Company’s main exploration focus is its 100%ownership of the Eagle River project, which is adjacent to andon-trend to several gold projects in the Windfall Lake district ofUrban Barry in Quebec.
For more information on ESGold Corp. please contact theCompany (+1 514-712-1532) or visit the website www.esgold.com for theFrench version of this press release, for past news releases, 3D modelof the Montauban processing plant, media interviews andopinion-editorial pieces. To keep up to date with ESGold join ourtelegram chat group.
On Behalf of the Board of Directors,
ESGold Corp.
“Jean Yves Therien”
Chief Executive Officer
“John Stella”
Investor contact
Tel: +1 514-712-1532
Email: info@esgold.ca
CAUTION REGARDING FORWARD-LOOKING INFORMATION
Certain statements contained in thisnews release may constitute forward-looking information. Forward - looking information is often, but not always, identified by the use of words such as “anticipate”, “plan”,“estimate”, “expect”, “may”, “will”, “intend”,“should”, and similar expressions. Forward-lookinginformation involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materiallyfrom those anticipated in such forward-looking information. TheCompany’s actual results could differ materially from thoseanticipated in this forward-looking information as a result ofcompetitive factors and competition for investment opportunities,challenges relating to operations in competitive markets, changes tothe Company’s strategic growth plans, and other factors, many ofwhich are beyond the control of the Company. The Company believes that the expectations reflected in the forward-looking information are reasonable based on current expectations, but no assurance can be given that these expectations will prove to be correct and suchforward-looking information should not be unduly relied upon. Anyforward-looking information contained in this news release representsthe Company’s expectations as of the date hereof, and is subject tochange after such date. The Company disclaims any intention orobligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securitieslegislation.
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