Element79 Gold Corp. (TSE:ELEM) has released an update.
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Element79 Gold Corp. is addressing its $987,115 debt by issuing over 7.5 million common shares, while also granting stock options to personnel to purchase over 7.7 million shares. This move aims to conserve the company’s cash reserves for working capital and includes agreements with insiders who will gain a significant number of shares. The transactions are expected to close mid-October 2024, subject to regulatory approvals.
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