Latest Breaking News On - Jefferson canyon project - Page 1 : comparemela.com

Gold79 Mines Ltd.: Gold79 Issues Shares for Jefferson Canyon Anniversary Payment Ottawa, Ontario (Newsfile Corp. - May 28, 2021) - Gold79 Mines Ltd. (TSXV: AUU) ( Gold79 or the Company ) announces that it intends to issue 351,337 common shares of the Company at a deemed value of CDN$0.086 per common share in connection with the US$25,000 second anniversary payment due under the terms of the Jefferson Canyon, Nevada property option agreement (the Agreement ). The deemed value is determined by the 20-day volume-weighted average price preceding this announcement. The common shares issued will have a statutory hold period of four months and one day from the date of issuance. This shares for debt transaction remains subject to TSX Venture Exchange approval.

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