Vancouver, BC – December 19, 2022, Vancouver, B.C.: Elevation Gold Mining Corporation (TSX.V: ELVT; OTCQX: EVGDF) (the “Company” or “Elevation Gold”) is pleased to announce that the TSX Venture Exchange (the "TSXV") has accepted for listing, 48,893,890 common share purchase warrants of the Company (the "Warrants") issued pursuant to the terms of the Company’s short form prospectus offering (the “Offering”) which closed on March 24, 2022.
For more information about the Offering, please see the Company's news releases announcing the Offering dated March 7, 2022 and March 9, 2022 and the news release announcing the closing of the Offering dated March 24, 2022, which are available under the Company's SEDAR profile at www.sedar.com. The TSXV has advised that the Warrants will be listed for trading on the TSXV under the symbol "ELVT.WT.A" effective at market open on December 22, 2022.
Each Warrant entitles the holder thereof to receive one common share of the Company at an exercise price of $0.70, subject to adjustment in certain circumstances, until March 24, 2027.
The Warrants are governed by a warrant indenture between the Company and Computershare Trust Company of Canada dated March 24, 2022, as supplemented by a first supplemental indenture dated November 24, 2022, and are available under the Company's SEDAR profile at www.sedar.com. The CUISIP number of the warrants is 28623W123.
The securities described herein have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
ON BEHALF OF THE BOARD OF ELEVATION GOLD MINING CORPORATION
“Tim J. Swendseid”
Tim J. Swendseid, President of Elevation Gold Mining Corporation