{"id":15520,"date":"2025-03-01T02:53:34","date_gmt":"2025-03-01T02:53:34","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2025\/03\/01\/element79-gold-announces-draw-down-on-equity-facility-with-crescita\/"},"modified":"2025-03-01T02:53:34","modified_gmt":"2025-03-01T02:53:34","slug":"element79-gold-announces-draw-down-on-equity-facility-with-crescita","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2025\/03\/01\/element79-gold-announces-draw-down-on-equity-facility-with-crescita\/","title":{"rendered":"Element79 Gold Announces Draw Down on Equity Facility with Crescita"},"content":{"rendered":"<\/p>\n<div>\n<p> (TheNewswire) <\/p>\n<div>\n<\/div>\n<p>Vancouver TheNewswire February 28, 2025 Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE:7YS) (\u2018Element79 Gold\u2019, the \u2018Company\u2019) a mining company focused on gold and silver, announces that it has recently leveraged its Crescita Equity Investment Facility (\u2018Crescita Capital\u2019), details of the Facility Agreement can be found in out original announcement on February 12, 2022. The Company has recently drawn CA$185,000 from this new facility.<\/p>\n<p><span> The Company has further issued an aggregate total of 10,062,500 shares to Crescita pursuant to the terms of the Facility Agreement (the \u2018Agreement\u2019) , as well as \u00a0a total of 13,002,465 Share purchase Warrants (the \u2018Warrants\u2019) \u00a0to Crescita per the terms of the Agreement, the Warrants are exercisable for a period of five years at an Price of $0.05 per share. <\/span><\/p>\n<p><span> Proceeds from the above-mentioned draw from Crescita Capital will be used for operations including legal fees. accounting audits, annual project claim lease fees and the advancement of the social contract development in Peru to allow the Lucero work plan to unfold. <\/span><\/p>\n<p><span> About Crescita Capital <\/span><\/p>\n<p><span> Crescita Capital is an investment and consultancy group that provides alternative financing and corporate development services for seed to growth-stage companies in emerging markets around the world. <\/span><span><span> www.Crescita.capital <\/span><\/span><span> Between 2021 and 2023, the Company worked with Crescita, drawing \u00a0$7,104,500 to support its operations and develop its portfolio of mining assets. <\/span><\/p>\n<p><span> For corporate matters, please contact: <\/span><\/p>\n<p><span> James C. Tworek, Chief Executive Officer <\/span><\/p>\n<p><span> Email: <\/span><span><span> jt@element79.gold <\/span><\/span><\/p>\n<p><span> For investor relations inquiries, please contact: <\/span><\/p>\n<p><span> Investor Relations Department <\/span><br \/><span> Phone: +1 (403)850.8050 <\/span><br \/><span> Email: <\/span><span><span> investors@element79.gold <\/span><\/span><\/p>\n<p><span> Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. <\/span><\/p>\n<p><span> Certain statements in this News Release, which are not historical in nature, constitute \u2018forward looking statements\u2019 within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning future work programs, results and timing of any work programs, the Company\u2019s performance or events as of the date hereof. These statements reflect management\u2019s current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward-looking statements. Those risks include the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures and the risk that the project\u2019s output will not be salable at a price that will cover the project\u2019s operating and maintenance costs. Forward-looking statements should not be construed as investment advice. Readers should conduct a detailed, independent investigation and analysis of the Company and are encouraged to seek independent professional advice before making any investment decision. Accordingly, readers should not place undue reliance on any forward-looking statement. Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward-looking statements to reflect events or changes in circumstances that occur after the date hereof. <\/span><\/p>\n<p> Copyright (c) 2025 TheNewswire \u2013 All rights reserved. <\/p>\n<\/p>\n<\/div>\n<p>News Provided by TheNewsWire via QuoteMedia<\/p>\n<\/p>\n<div>This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>(TheNewswire) Vancouver TheNewswire February 28, 2025 Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE:7YS) (\u2018Element79 Gold\u2019, the \u2018Company\u2019) a mining company focused on gold and silver, announces that it has recently leveraged its Crescita Equity Investment Facility (\u2018Crescita Capital\u2019), details of the Facility Agreement can be found in out original announcement on February 12, 2022. The Company [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":15521,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-15520","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/15520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=15520"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/15520\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/15521"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=15520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=15520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=15520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}