(TheNewswire)
VANCOUVER, BRITISHCOLUMBIA – TheNewswire - November 28, 2022 – ESGoldCorp. ( “ESGold” or the “Company” ) (CSE:ESAU ) , ( Frankfurt:N2W ) , ( OTC:SEKZF) is pleased to announce that ithas entered into an agreement with Sennen Potash Corp (TSXV: SN)(“Sennen”) to sell its Eagle River Exploration Project in exchangefor 11.25 million Flow-Through shares of Sennen at a value of $0.20per share and a cash payment of $50,000 for a total compensation of C$2.3 million.
The shares are subject to a two (2) year escrow provisions asfollows:
-
15% issued upon close of the transaction (subject to a four (4)month regulatory hold);
-
15% issued six (6) months after close of thetransaction;
-
15% issued twelve (12) months after close of thetransaction;
-
30% issued eighteen (18) months after close of the transaction;and
-
25% issued twenty-four (24) months after the close of thetransaction.
The transaction is subject to regulatory approval.
Pour unetraduction française de ce communiqué de presse, veuillez visiternotre site Web à www.esgold.com .
About the Company
ESGold Corp. is a Canadian environmentally aware resourceexploration and processing company. Management has demonstratedexpertise in advancing gold exploration projects into acquisitiontargets, most notably in the province of Quebec. ESGold’s principalrestoration and recovery project is the Montauban property situated inQuebec, just 80 kilometers west of Quebec City. Recently, the Companyhas also entered into a joint venture agreement to determine thepresence of recoverable metals in the Ottawa River, consistent withESGold’s commitment to environmental recovery solutions.
For more information on ESGold Corp. please contact theCompany (+1 514-712-1532) or visit the website www.esgold.com for the Frenchversion of this press release, for past news releases, 3D model of theMontauban processing plant, media interviews and opinion-editorialpieces. To keep up with what's going on withESGold please join our shareholders chat room on telegram : https://t.me/+SQeyLoDRjIAwMDVh
Onbehalf 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.com
This press release contains"forward-looking information" that is based on the Company'scurrent expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company's exploration anddevelopment plans. The words "will","anticipated", "plans" or other similar words and phrases are intended toidentify forward-looking information. Forward-looking informationis subject to known andunknown risks, uncertainties and other factors that may cause theCompany's actual results, level of activity, performance, or achievements to be materiallydifferent from those expressed or implied by such forward looking information.
Neither theCanadian Securities Exchange nor its Regulation Services Provideraccept responsibility for the adequacy or accuracy of thisrelease.
Copyright (c) 2022 TheNewswire - All rights reserved.