Element79 Gold Corp. announced a non-brokered private placement of up to CAD 100,000 non-convertible corporate notes units on August 31, 2023. Each unit consist a 1-year maturity will consist of a minimum investment of CAD 25,000 and warrants.

The principal amount of the notes will bear interest at 18% simple interest per annum with 100% warrant coverage, and the Notes will be open for prepayment after 60 days. Each warrant will be exercisable into a common share of the company at a price of CAD 0.05 per share.