Company Enters into Loan Agreement
#1000 – 409 Granville Street Vancouver, BC, Canada, V6C 1T2 604-602-0001
Alerio Gold Entered into Loan Agreement
Vancouver, British Columbia – February 13, 2023 – Alerio Gold Corp. (the “Company”) (ALE: CSE) announces that it has entered into a loan agreement (the “Loan Agreement”) dated February 8, 2023, whereby the company borrowed $100,000, with an up-front fee of $10,000, (the “Loan”) from a non-arm’s length party (the “Lender”).
Under the terms of the Loan Agreement, the Loan bears no interest and will mature 90 days from the date of issuance. The Lender also received as consideration for the Loan 1,000,000 Warrants, having an exercise price of $0.10 expiring on February 7, 2024.
About Alerio Gold Corp.
Alerio Gold Corp. is a mineral exploration and development company in the business of acquiring, exploring, and developing natural resource properties, with a focus in Guyana, South America. The company currently has 100% interest in three gold properties located in Guyana including the advanced exploration Tassawini Gold Project.
ON BEHALF OF THE BOARD OF DIRECTORS
“Geoff Balderson”
Geoff Balderson, CFO
For further information, please contact:
Geoff Balderson Chief Financial Officer, Secretary, and Director
Telephone: 604-602-0001 Email: [email protected]
Forward-Looking Information
This press release contains forward-looking statements. Forward-looking statements can be identified by the use of words such as, “anticipates”, “expects”, “is expected”, “intends”, “believes”, or variations of such words and phrases or state that certain actions, events or results “may” or “will” be taken, occur or be achieved. Forward-looking statements include those relating to the acquisition by Alerio Gold Corp. of all of the Properties and the corresponding issuance of the Consideration Shares, the satisfaction of necessary terms and conditions of the Definitive Agreement to complete the Acquisition, and the ownership of the Properties via power of attorney.
Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, including assumptions related to the ability of both companies to successfully complete all the conditions precedent under the Definitive Agreement and the companies receiving all necessary future approvals and permits. Actual results, performance or achievement could differ materially from that expressed in, or implied by, any forward-looking statements in this press release, and, accordingly, undue reliance should not be placed on any such forward-looking statements and they are not guarantees of future results. Forward-looking statements involve significant risks, assumptions, uncertainties and other factors that may cause actual future results or anticipated events to differ materially from those expressed or implied in any forward-looking statements. Except as required by law, Alerio Gold Corp. undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
The CSE nor its market regulator does not accept responsibility for the adequacy or accuracy of this news release. The CSE has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this news release.