VANCOUVER, BC, July 2, 2024
/CNW/ - P2 Gold Inc. ("P2" or the "Company") (TSXV:
PGLD) (OTCQB: PGLDF) reports that under the terms of the
convertible debentures (the "Convertible Debentures") issued on
March 4, 2024 and March 14, 2024 (see news releases dated
March 5, 2024 and March 14, 2024), it has elected to satisfy
its obligation to pay an aggregate of $39,747.94 in interest accrued on the
C$1.665 million Convertible
Debentures by issuing to such debenture holders for the interest
payment due June 30, 2024 an
aggregate of 467,605 common shares of the Company.
The Company will pay to each such debenture holder approximately
280.84 common shares per $1,000
principal amount of Convertible Debentures held as at the
applicable interest payment record date. Under the terms of the
Convertible Debentures, no fractional common shares will be
delivered upon payment of the interest obligation. The
issuance of common shares in payment of interest remains subject to
the approval of the TSX Venture Exchange (the "Exchange").
About P2 Gold Inc.
P2 Gold is a mineral exploration and development company focused
on advancing its gold-copper Gabbs Project on the Walker Lane Trend
in Nevada. A positive preliminary economic assessment has
outlined a long-life, mid-size mine at Gabbs with annual average
production of 104,000 ounces gold and 13,500 tonnes copper over a
14.2 year mine life.
Neither the Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Forward Looking Information
This press release contains "forward-looking information" within
the meaning of applicable securities laws that is intended to be
covered by the safe harbours created by those laws.
"Forward-looking information" includes statements that use
forward-looking terminology such as "may", "will", "expect",
"anticipate", "believe", "continue", "potential" or the negative
thereof or other variations thereof or comparable terminology. Such
forward-looking information includes, without limitation,
information with respect to the Company's expectations, strategies
and plans for its exploration and development projects.
Forward-looking information is not a guarantee of future
performance and is based upon a number of estimates and assumptions
of management at the date the statements are made.
Furthermore, such forward-looking information involves a
variety of known and unknown risks, uncertainties and other factors
which may cause the actual plans, intentions, activities, results,
performance or achievements of the Company to be materially
different from any future plans, intentions, activities, results,
performance or achievements expressed or implied by such
forward-looking information. See "Risk Factors" in the
Company's annual information form for the year ended December 31, 2023, dated March 21, 2024 filed on SEDAR at www.sedar.com
for a discussion of these risks.
The Company cautions that there can be no assurance that
forward-looking information will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such information. Accordingly, investors should not
place undue reliance on forward-looking information.
Except as required by law, the Company does not assume any
obligation to release publicly any revisions to forward-looking
information contained in this press release to reflect events or
circumstances after the date hereof.
SOURCE P2 Gold Inc.
