Category: Press Releases

VANCOUVER, BC / ACCESSWIRE / January 18, 2024 / Zodiac Gold Inc. ("Zodiac Gold"), a British Columbia corporation, is pleased to announce that 1329306 B.C. Ltd ("ShellCo") has completed a C$1.4 million non-brokered private placement (the "ShellCo Financing") of common shares in the capital of ShellCo ("Common Shares"). In connection with the ShellCo Financing, ShellCo raised gross proceeds of CAD $1,436,676 by issuing 14,366,768 Common Shares at CAD $0.10 per share. In addition, Zodiac Gold has raised CAD $63,324 via a non-brokered private placement such that aggregate gross proceeds from the combined financing efforts are CAD $1.5 million, consistent with the amount that Zodiac Gold has previously disclosed that the two companies intended to collectively raise in connection with the RTO (as defined below).

ShellCo and Zodiac Gold have entered into an arrangement agreement dated August 15, 2023 (the "Arrangement Agreement") pursuant to which Zodiac Gold and ShellCo will complete a transaction that will result in a reverse takeover of ShellCo by the Zodiac Gold (the "RTO"). Upon completion of the RTO, the resulting company (the "Resulting Issuer") will continue to carry on the business of Zodiac Gold and will focus on the exploration and development of Zodiac Gold’s Todi gold project in Liberia. The net proceeds from the ShellCo Financing will be used for working capital purposes (including paying transaction expenses relating to the RTO) and to support the Resulting Issuer’s initiatives to advance Zodiac Gold’s 100% owned Todi Gold Project.

David Kol, Chief Executive Officer of Zodiac Gold, said, "We are thrilled to see 1329306 B.C. Ltd. successfully close this fully subscribed financing, a pivotal milestone propelling our companies towards the completion of a public listing. This significant investment not only underscores investor confidence in our vision but also fuels our commitment to advancing Zodiac Gold’s Todi Gold Project. We are pleased to see both returning and new institutional investors in this round. Ongoing support from mining-focused institutional investors provides a strong vote of confidence in the future of the combined entity. With this newfound support, we are poised to usher in a new era of growth, discovery, and value creation for our shareholders and stakeholders alike."

Upon the completion of the RTO, which has been conditionally approved by the TSX Venture Exchange, it is expected that the Resulting Issuer will be renamed "Zodiac Gold Inc." and will trade under the ticker symbol "ZAU." A listing statement in respect of the RTO has been prepared and posted under the profile of ShellCo on SEDAR+ at www.sedarplus.ca.

About Zodiac Gold

Zodiac Gold is a private mineral exploration company incorporated under the laws of the Province of British Columbia which has an 100% interest in the Todi Gold Project located in the Republic of Liberia along with two reconnaissance licenses.

The Todi Gold Project

Zodiac Gold’s flagship Todi Gold Project consists of one mineral exploration license covering 418 km² in the Montserrado and Bomi Counties in the Republic of Liberia and two separate reconnaissance licenses covering 2,200 km² in Grand Bassa, Bomi, and Grand Cape Mount counties, for a total of 2,618 km². The Todi Gold Project is located on and along the prolific Todi Shear Zone within the West African Craton and accessible via paved and gravel roads for approximately 21 km from Monrovia, the capital of Liberia. Work to date has defined five multi-km long gold soil anomalies with a defined strike length of ~16 km. Current work is focused on the Arthington target area where drilling has uncovered a potentially significant new gold discovery. Planned diamond drilling program at Arthington aims to achieve a maiden mineral resource at a low cost.

For further information, please contact:

David Kol
Chief Executive Officer
Zodiac Gold Inc.
info@zodiac-gold.com

Cautionary and Forward-Looking Statements

This press release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this press release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected" "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could, "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward looking statements. In this press release, forward-looking statements relate, among other things, to: the RTO and certain terms and conditions thereof; the business of Zodiac Gold, information concerning the Todi Gold Project, and the ShellCo Financing. Forward looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; and the delay or failure to receive shareholder, director or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, Zodiac Gold assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change.

SOURCE: Zodiac Gold Inc.

View the original press release on accesswire.com

VANCOUVER, BC / ACCESSWIRE / January 18, 2024 / Zodiac Gold Inc. ("Zodiac Gold"), a British Columbia corporation, is pleased to announce that 1329306 B.C. Ltd ("ShellCo") has completed a C$1.4 million non-brokered private placement (the "ShellCo Financing") of common shares in the capital of ShellCo ("Common Shares"). In connection with the ShellCo Financing, ShellCo raised gross proceeds of CAD $1,436,676 by issuing 14,366,768 Common Shares at CAD $0.10 per share. In addition, Zodiac Gold has raised CAD $63,324 via a non-brokered private placement such that aggregate gross proceeds from the combined financing efforts are CAD $1.5 million, consistent with the amount that Zodiac Gold has previously disclosed that the two companies intended to collectively raise in connection with the RTO (as defined below).

ShellCo and Zodiac Gold have entered into an arrangement agreement dated August 15, 2023 (the "Arrangement Agreement") pursuant to which Zodiac Gold and ShellCo will complete a transaction that will result in a reverse takeover of ShellCo by the Zodiac Gold (the "RTO"). Upon completion of the RTO, the resulting company (the "Resulting Issuer") will continue to carry on the business of Zodiac Gold and will focus on the exploration and development of Zodiac Gold’s Todi gold project in Liberia. The net proceeds from the ShellCo Financing will be used for working capital purposes (including paying transaction expenses relating to the RTO) and to support the Resulting Issuer’s initiatives to advance Zodiac Gold’s 100% owned Todi Gold Project.

David Kol, Chief Executive Officer of Zodiac Gold, said, "We are thrilled to see 1329306 B.C. Ltd. successfully close this fully subscribed financing, a pivotal milestone propelling our companies towards the completion of a public listing. This significant investment not only underscores investor confidence in our vision but also fuels our commitment to advancing Zodiac Gold’s Todi Gold Project. We are pleased to see both returning and new institutional investors in this round. Ongoing support from mining-focused institutional investors provides a strong vote of confidence in the future of the combined entity. With this newfound support, we are poised to usher in a new era of growth, discovery, and value creation for our shareholders and stakeholders alike."

Upon the completion of the RTO, which has been conditionally approved by the TSX Venture Exchange, it is expected that the Resulting Issuer will be renamed "Zodiac Gold Inc." and will trade under the ticker symbol "ZAU." A listing statement in respect of the RTO has been prepared and posted under the profile of ShellCo on SEDAR+ at www.sedarplus.ca.

About Zodiac Gold

Zodiac Gold is a private mineral exploration company incorporated under the laws of the Province of British Columbia which has an 100% interest in the Todi Gold Project located in the Republic of Liberia along with two reconnaissance licenses.

The Todi Gold Project

Zodiac Gold’s flagship Todi Gold Project consists of one mineral exploration license covering 418 km² in the Montserrado and Bomi Counties in the Republic of Liberia and two separate reconnaissance licenses covering 2,200 km² in Grand Bassa, Bomi, and Grand Cape Mount counties, for a total of 2,618 km². The Todi Gold Project is located on and along the prolific Todi Shear Zone within the West African Craton and accessible via paved and gravel roads for approximately 21 km from Monrovia, the capital of Liberia. Work to date has defined five multi-km long gold soil anomalies with a defined strike length of ~16 km. Current work is focused on the Arthington target area where drilling has uncovered a potentially significant new gold discovery. Planned diamond drilling program at Arthington aims to achieve a maiden mineral resource at a low cost.

For further information, please contact:

David Kol
Chief Executive Officer
Zodiac Gold Inc.
info@zodiac-gold.com

Cautionary and Forward-Looking Statements

This press release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this press release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected" "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could, "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward looking statements. In this press release, forward-looking statements relate, among other things, to: the RTO and certain terms and conditions thereof; the business of Zodiac Gold, information concerning the Todi Gold Project, and the ShellCo Financing. Forward looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; and the delay or failure to receive shareholder, director or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, Zodiac Gold assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change.

SOURCE: Zodiac Gold Inc.

View the original press release on accesswire.com

COLLINGWOOD, ON / ACCESSWIRE / January 18, 2024 / The Limestone Boat Company Limited ("Limestone" or the "Company") (TSXV:BOAT) – Owner and builder of Limestone^® Boats – is pleased to announce that it will be participating in the Toronto International Boat Show January 19^th to January 28^th in booth 255 with support from the following Limestone dealers; Summer Water Sports, Desmasdon’s Boat Works/Beacon Marine, Mountain Trout House, and the Company’s EV engine partner; Vision Marine Technologies. Limestone will be featuring its L200R offered in both conventional gasoline power for 2024, and electric propulsion in 2025. Participation in the Toronto International Boat Show underscores Limestone’s commitment to relaunching production of the Limestone L200R / L200CC models in the spring of 2024, and the NEW L290DC this summer.

About The Limestone Boat Company Limited

The Limestone Boat Company Limited – owner and builder of Limestone® Boats – is publicly traded on the TSX Venture Exchange under the ticker symbol "BOAT". The Company is headquartered in Collingwood, Ontario.

For more information, please contact:

Bill Mitoulas | Investor Relations
800-720-2395
bill@limestoneboats.com
www.limestoneboatcompany.com

Scott Hanson | CEO of The Limestone Boat Company Limited
800-720-2395
info@limestoneboatcompany.com

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this press release, and other publicly available documents including the documents referenced herein, constitute forward-looking information or forward-looking statements (collectively, "forward-looking information"). These statements relate to future events or future performance. The use of any of the words "anticipate", "believe", "could" "should", "would", "estimate", "expect", "forecast", "indicate", "intend", "likely", "may", "plan", "potential", "project", "outlook", "seek", "target", "trend" or "will" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the parties’ current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. The Company is subject to a number of risks relating to integration and go-forward operations, certain of which are more particularly described in the Company’s public filings available on SEDAR+ (www.sedarplus.ca). The forward-looking information contained in this release is made as of the date hereof and the parties are not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

Many factors could cause actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking information. All the forward-looking information made in this press release is qualified by these cautionary statements and other cautionary statements or factors in this press release. There can be no assurance that the actual results or developments will be realized or, even if substantially realized, will have the expected consequences to, or effects on, the Company. Unless required by applicable securities law, the Company does not intend and does not assume any obligation to update this forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

SOURCE: The Limestone Boat Company Limited

View the original press release on accesswire.com

COLLINGWOOD, ON / ACCESSWIRE / January 18, 2024 / The Limestone Boat Company Limited ("Limestone" or the "Company") (TSXV:BOAT) – Owner and builder of Limestone^® Boats – is pleased to announce that it will be participating in the Toronto International Boat Show January 19^th to January 28^th in booth 255 with support from the following Limestone dealers; Summer Water Sports, Desmasdon’s Boat Works/Beacon Marine, Mountain Trout House, and the Company’s EV engine partner; Vision Marine Technologies. Limestone will be featuring its L200R offered in both conventional gasoline power for 2024, and electric propulsion in 2025. Participation in the Toronto International Boat Show underscores Limestone’s commitment to relaunching production of the Limestone L200R / L200CC models in the spring of 2024, and the NEW L290DC this summer.

About The Limestone Boat Company Limited

The Limestone Boat Company Limited – owner and builder of Limestone® Boats – is publicly traded on the TSX Venture Exchange under the ticker symbol "BOAT". The Company is headquartered in Collingwood, Ontario.

For more information, please contact:

Bill Mitoulas | Investor Relations
800-720-2395
bill@limestoneboats.com
www.limestoneboatcompany.com

Scott Hanson | CEO of The Limestone Boat Company Limited
800-720-2395
info@limestoneboatcompany.com

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this press release, and other publicly available documents including the documents referenced herein, constitute forward-looking information or forward-looking statements (collectively, "forward-looking information"). These statements relate to future events or future performance. The use of any of the words "anticipate", "believe", "could" "should", "would", "estimate", "expect", "forecast", "indicate", "intend", "likely", "may", "plan", "potential", "project", "outlook", "seek", "target", "trend" or "will" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the parties’ current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. The Company is subject to a number of risks relating to integration and go-forward operations, certain of which are more particularly described in the Company’s public filings available on SEDAR+ (www.sedarplus.ca). The forward-looking information contained in this release is made as of the date hereof and the parties are not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

Many factors could cause actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking information. All the forward-looking information made in this press release is qualified by these cautionary statements and other cautionary statements or factors in this press release. There can be no assurance that the actual results or developments will be realized or, even if substantially realized, will have the expected consequences to, or effects on, the Company. Unless required by applicable securities law, the Company does not intend and does not assume any obligation to update this forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

SOURCE: The Limestone Boat Company Limited

View the original press release on accesswire.com

Dr. Lathan brings two decades of medical technology with her to drive the health tech startup forward

SAN LUIS OBISPO, CA / ACCESSWIRE / January 18, 2024 / De Oro Devices, a leading innovator in medical technology for the aging and mobility-impaired population, is pleased to announce the appointment of Dr. Cori Lathan as its new Chief Executive Officer (CEO). In her new role, Lathan will focus on continuing the rapid growth De Oro Devices has seen by exploring new partnerships across the healthcare industry and working to advance its innovative technology.

Dr. Lathan joins De Oro Devices from her previous role as CEO at AnthroTronix, where she successfully invented, developed, and commercialized medical technology for over 20 years before leading the company through a successful exit. She has been recognized by the World Economic Forum as a Technology Pioneer and Young Global Leader and is the founding co-chair of their Global Futures Council on Human Augmentation and Longevity. Her expertise in brain health and age tech as well as mobility products positions her as a visionary leader capable of driving De Oro Devices to new heights.

"We are thrilled to welcome Dr. Cori Lathan as our new CEO," said Sidney Collin, Board Member, Co-founder, President and CTO at De Oro Devices. "Her exceptional leadership, deep industry knowledge, and commitment to innovation align perfectly with our mission. As we continue to improve the lives of the mobility-impaired, I know Dr. Lathan is the right leader to take De Oro Devices forward."

"I am honored and excited to lead De Oro Devices into its next chapter of growth and innovation," said Dr. Cori Lathan. "The team’s dedication to changing lives through developing transformational medical technologies is inspiring, and I look forward to building on the company’s successes to make a meaningful impact on technology for the aging population globally."

De Oro Devices is at the forefront of medical technology, known for creating the first non-invasive cueing technology that can be used with any mobility aid to improve mobility and decrease falls for people with mobility impairments. Learn more at www.getnexstride.com.

About De Oro Devices

De Oro Devices is an award-winning tech startup that’s restoring mobility, independence, and a higher quality of life to individuals with mobility challenges and/or heightened fall risk. De Oro’s flagship product, NexStride, is a small, unobtrusive device that can attach to any assisted walking tool (i.e., cane, walker, or rollator), which leverages visual and auditory cueing technology to reduce fall risk and improve mobility. Learn more at www.getnexstride.com.

Contact Information

William Thompson
pr@deorodevices.com

SOURCE: De Oro Devices

View the original press release on newswire.com.

Dr. Lathan brings two decades of medical technology with her to drive the health tech startup forward

SAN LUIS OBISPO, CA / ACCESSWIRE / January 18, 2024 / De Oro Devices, a leading innovator in medical technology for the aging and mobility-impaired population, is pleased to announce the appointment of Dr. Cori Lathan as its new Chief Executive Officer (CEO). In her new role, Lathan will focus on continuing the rapid growth De Oro Devices has seen by exploring new partnerships across the healthcare industry and working to advance its innovative technology.

Dr. Lathan joins De Oro Devices from her previous role as CEO at AnthroTronix, where she successfully invented, developed, and commercialized medical technology for over 20 years before leading the company through a successful exit. She has been recognized by the World Economic Forum as a Technology Pioneer and Young Global Leader and is the founding co-chair of their Global Futures Council on Human Augmentation and Longevity. Her expertise in brain health and age tech as well as mobility products positions her as a visionary leader capable of driving De Oro Devices to new heights.

"We are thrilled to welcome Dr. Cori Lathan as our new CEO," said Sidney Collin, Board Member, Co-founder, President and CTO at De Oro Devices. "Her exceptional leadership, deep industry knowledge, and commitment to innovation align perfectly with our mission. As we continue to improve the lives of the mobility-impaired, I know Dr. Lathan is the right leader to take De Oro Devices forward."

"I am honored and excited to lead De Oro Devices into its next chapter of growth and innovation," said Dr. Cori Lathan. "The team’s dedication to changing lives through developing transformational medical technologies is inspiring, and I look forward to building on the company’s successes to make a meaningful impact on technology for the aging population globally."

De Oro Devices is at the forefront of medical technology, known for creating the first non-invasive cueing technology that can be used with any mobility aid to improve mobility and decrease falls for people with mobility impairments. Learn more at www.getnexstride.com.

About De Oro Devices

De Oro Devices is an award-winning tech startup that’s restoring mobility, independence, and a higher quality of life to individuals with mobility challenges and/or heightened fall risk. De Oro’s flagship product, NexStride, is a small, unobtrusive device that can attach to any assisted walking tool (i.e., cane, walker, or rollator), which leverages visual and auditory cueing technology to reduce fall risk and improve mobility. Learn more at www.getnexstride.com.

Contact Information

William Thompson
pr@deorodevices.com

SOURCE: De Oro Devices

View the original press release on newswire.com.

TORONTO, ON / ACCESSWIRE / January 18, 2024 / Cerrado Gold Inc. (TSXV:CERT)(OTCQX:CRDOF) ("Cerrado" or the "Company") announces in connection with the US$20 million secured note (the "Note") issued by Cerrado to Sprott Resource Streaming and Royalty Corp. ("Sprott") to facilitate funding of the gold and silver stream agreement in advance of commercial production at its Monte do Carmo Project, Cerrado has elected to pay interest due December 31, 2023, in shares.

Pursuant to the Note, the Company may elect to satisfy the payment of any accrued and unpaid interest on the Note by the issuance of common shares of the Company (the "Common Shares") at a price per Common Share equal to 95% of the volume weighted average price (the "VWAP") of the Common Shares for the 5 trading days immediately prior to the date payment is due or any combination of cash and Common Shares in the Company’s sole discretion.

Interest due on the Note for the period ending December 31, 2023, amounts to US$504,109.58, being C$666,735.33 at the bank of Canada rate of 1.3226 as of December 29, 2023. Subject to the approval of the TSX Venture Exchange, the Company will issue 1,175,523 common shares to Sprott at the price of $0.5672 per share to satisfy the interest payment.

About Cerrado

Cerrado Gold is a Toronto-based gold production, development, and exploration company focused on gold projects in South America. The Company is the 100% owner of both the producing Minera Don Nicolás and Las Calandrias mine in Santa Cruz province, Argentina, and the highly prospective Monte Do Carmo development project, located in Tocantins State, Brazil. In Canada, Cerrado Gold is developing it’s 100% owned Mont Sorcier Iron Ore and Vanadium project located outside of Chibougamou, Quebec.

In Argentina, Cerrado is maximizing asset value at its Minera Don Nicolas operation through continued operational optimization and is growing production through its operations at the Las Calandrias Heap Leach project. An extensive campaign of exploration is ongoing to further unlock potential resources in our highly prospective land package in the heart of the Deseado Masiff.

In Brazil, Cerrado is rapidly advancing the Serra Alta deposit at its Monte Do Carmo Project, through feasibility and into production. Serra Alta is expected to be a high-margin and high-return project with significant exploration potential on an extensive and highly prospective 82,542 hectare land package.

In Canada, Cerrado holds a 100% interest in the Mont Sorcier Iron Ore and Vanadium Project, which has the potential to produce a premium iron ore concentrate over a long mine life at low operating costs and low capital intensity. Furthermore, its high grade and high purity product facilitates the migration of steel producers from blast furnaces to electric arc furnaces contributing to the decarbonisation of the industry and the achievement of SDG goals.

For more information about Cerrado please visit our website at: www.cerradogold.com.

Mark Brennan
CEO and Chairman

Mike McAllister
Vice President, Investor Relations
Tel: +1-647-805-5662
mmcallister@cerradogold.com

Disclaimer

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This press release contains statements that constitute "forward-looking information" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation, all statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.

Forward-looking statements contained in this press release include, without limitation, statements regarding the business and operations of Cerrado. In making the forward- looking statements contained in this press release, Cerrado has made certain assumptions, including, but not limited to the time required to reach production capacity at Las Calandrias, the future operating costs in Argentina, as well the timing of the feasibility study at Monte Do Carmo. Although Cerrado believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, Cerrado disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.

SOURCE: Cerrado Gold Inc.

View the original press release on accesswire.com

TORONTO, ON / ACCESSWIRE / January 18, 2024 / Cerrado Gold Inc. (TSXV:CERT)(OTCQX:CRDOF) ("Cerrado" or the "Company") announces in connection with the US$20 million secured note (the "Note") issued by Cerrado to Sprott Resource Streaming and Royalty Corp. ("Sprott") to facilitate funding of the gold and silver stream agreement in advance of commercial production at its Monte do Carmo Project, Cerrado has elected to pay interest due December 31, 2023, in shares.

Pursuant to the Note, the Company may elect to satisfy the payment of any accrued and unpaid interest on the Note by the issuance of common shares of the Company (the "Common Shares") at a price per Common Share equal to 95% of the volume weighted average price (the "VWAP") of the Common Shares for the 5 trading days immediately prior to the date payment is due or any combination of cash and Common Shares in the Company’s sole discretion.

Interest due on the Note for the period ending December 31, 2023, amounts to US$504,109.58, being C$666,735.33 at the bank of Canada rate of 1.3226 as of December 29, 2023. Subject to the approval of the TSX Venture Exchange, the Company will issue 1,175,523 common shares to Sprott at the price of $0.5672 per share to satisfy the interest payment.

About Cerrado

Cerrado Gold is a Toronto-based gold production, development, and exploration company focused on gold projects in South America. The Company is the 100% owner of both the producing Minera Don Nicolás and Las Calandrias mine in Santa Cruz province, Argentina, and the highly prospective Monte Do Carmo development project, located in Tocantins State, Brazil. In Canada, Cerrado Gold is developing it’s 100% owned Mont Sorcier Iron Ore and Vanadium project located outside of Chibougamou, Quebec.

In Argentina, Cerrado is maximizing asset value at its Minera Don Nicolas operation through continued operational optimization and is growing production through its operations at the Las Calandrias Heap Leach project. An extensive campaign of exploration is ongoing to further unlock potential resources in our highly prospective land package in the heart of the Deseado Masiff.

In Brazil, Cerrado is rapidly advancing the Serra Alta deposit at its Monte Do Carmo Project, through feasibility and into production. Serra Alta is expected to be a high-margin and high-return project with significant exploration potential on an extensive and highly prospective 82,542 hectare land package.

In Canada, Cerrado holds a 100% interest in the Mont Sorcier Iron Ore and Vanadium Project, which has the potential to produce a premium iron ore concentrate over a long mine life at low operating costs and low capital intensity. Furthermore, its high grade and high purity product facilitates the migration of steel producers from blast furnaces to electric arc furnaces contributing to the decarbonisation of the industry and the achievement of SDG goals.

For more information about Cerrado please visit our website at: www.cerradogold.com.

Mark Brennan
CEO and Chairman

Mike McAllister
Vice President, Investor Relations
Tel: +1-647-805-5662
mmcallister@cerradogold.com

Disclaimer

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This press release contains statements that constitute "forward-looking information" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation, all statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.

Forward-looking statements contained in this press release include, without limitation, statements regarding the business and operations of Cerrado. In making the forward- looking statements contained in this press release, Cerrado has made certain assumptions, including, but not limited to the time required to reach production capacity at Las Calandrias, the future operating costs in Argentina, as well the timing of the feasibility study at Monte Do Carmo. Although Cerrado believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, Cerrado disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.

SOURCE: Cerrado Gold Inc.

View the original press release on accesswire.com

PALM SPRINGS, CA / ACCESSWIRE / January 18, 2024 / The Real American Capital Corporation (OTC PINK:RLAB) announced today the appointment of Jeff Robinson as Chairman and Director and Willem Jonker as Chief Financial Officer and Director.

Robinson and Jonker are, and will remain, CEO and CFO of the Institute of Biomedical Research (OTC PINK: MRES).

"We are delighted by the appointment of these two seasoned executives to our Board. They will steer the company in an exciting new direction. Further announcements will follow." said Doug Newton, Co-CEO of Real American Capital.

Jeff Robinson is a serial entrepreneur with a background in investments and technology. He identifies trends before they become mainstream and turns them into real businesses.

Willem Jonker is a South African Chartered Accountant with a lifelong history of starting and building businesses across Africa. He has an eye for detail.

* * *

About Real American Capital Corp. (OTC PINK: RLAB):

Real American Capital Corporation (OTC PINK: RLAB) trades on the Pink Open Market. Investors can find Real-Time quotes and market information for the company at https://www.otcmarkets.com/stock/RLAB/.

RLAB’s menu of US trademarks registered or applied for includes Resurgent®; Nature Treating Nature®; Born & Bred in the USA® (owned by RLAB since 2011); Rising Harvest; and Healthy Living Soil ®.

Forward-Looking Statement:

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. These statements appear in several places in this release and include all statements that are not statements of historical fact regarding the intent, belief, or current expectations of Real American Capital Corp., its directors, or its officers concerning, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy.

Contact: julian@rlabusa.com — 310-289-5000 (phone or text)
Real American Capital Corp. 74725 Joni Drive — Palm Desert, CA 92260 https://rlabusa.com/

SOURCE: Real American Capital Corporation

View the original press release on accesswire.com