Group 1 - Sylla Gold Corp. has received approval from the TSX Venture Exchange for the issuance of 599,998 common shares at a deemed price of $0.015 per share, related to unsecured promissory notes totaling $45,000 [1] - The promissory notes bear an interest rate of 7% per annum, with the principal and any accrued interest due on demand after June 6, 2026 [1] - All common shares issued are subject to a hold period of four months plus a day from the date of issuance [2] Group 2 - The issuance of common shares is classified as a related party transaction, as some lenders are directors and/or officers of the company [3] - The company is relying on exemptions from certain requirements of Multilateral Instrument 61-101, as the fair market value of the notes does not exceed 25% of the company's market capitalization [3]
Sylla Gold Announces Approval of Loans
Newsfile·2025-07-25 21:00