MAS Gold Corp. announced that it expects to receive CAD 0.15 million in funding from Kitsaki Management Limited Partnership

MAS Gold Corp. announced a private placement of a convertible 5-year note for gross proceeds of CAD 150,000 on November 15, 2022. The transaction will include participation from Kitsaki Management Limited Partnership.

The note carrying a zero-interest coupon and be convertible into MAS common shares at maturity or cash at MAS's option. The investor will have a right to convert to common shares at market on each anniversary date of the agreement, and subject to the exchange.