(TheNewswire)
VANCOUVER, BRITISHCOLUMBIA – TheNewswire - July 21, 2022 – ESGoldCorp. ( “ESGold” or the “Company” ) (CSE:ESAU ) , ( Frankfurt:N4UP ) , ( OTC:SEKZF) is pleased to announce that theCompany has entered into a memorandum of understanding (the “MOU”)with G.E.T.T. Gold Ltd. (“GETT Gold”) to establish a workingrelationship on the Company’s Montauban Project.
Inexchange for the storage and use of heavy-duty industrial equipment,such as compressors, and a $250,000 investment in the Company by wayof a convertible debenture, ESGold will provide GETT Gold the ability to test its proprietary mineralrecovery technology on the surface and underground at Montauban underspecific terms and conditions. In addition, ESGold will offerpreferential scheduling of custom milling services to GETT Gold at arate that is 15% below the then current fair market value asdetermined and agreed to in advance by both parties once theprocessing mill at Montauban is in full production mode.
In other corporate news, ESGold has closed the privateplacement announced on June 15, 2022. In this second and finaltranche, the Company raised gross proceeds of $324,500 by way of an issuance of6,490,000 units at a purchase price of $0.05 per unit. Each unit iscomprised of one common share and one-half warrant that when combinedto form a whole warrant, the holder will be able to purchase one (1)common share at a price of $0.10. The warrant has a term of twelve(12) months from the closing date of this tranche of the privateplacement.
In connection with the closing of this final tranche ofthe offering, the Company paid an aggregate finders’ fee of $20,300 incash and issued 308,000 share purchase warrants to certain arms-lengthfinders. Each finder’s warrant entitles the holder thereof topurchase one common share of the Company at $0.10 and expires twelve(12) months from the date of closing of this tranche of the offering.All securities issued in connection with this offering are subjectedto a restricted hold period of four (4) months and a day from the dateof closing of this tranche of the offering, under applicablesecurities legislation.
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. TheCompany’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. pleasecontact the Company (+1514-712-1532) or visit the website www.esgold.com for theFrench version of this news release, past news releases, 3D model ofthe Montauban processing plant, media interviews and opinion-editorialpieces.
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.
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