Waraba Gold announces settlement of its debt

Toronto, Ontario–(Newsfile Corp. – September 2, 2022) – Waraba Gold Limited (CSE: WBGD) (FSE: ZE0) (the “Company“) is pleased to announce the settlement of amounts due to various arm’s length parties in the aggregate amount of US$276,258.64 for 1,775,928 common shares in the capital of the Company (“Ordinary actions“), at a deemed price of C$0.20 and £9,000 for 105,300 common shares at a deemed price of C$0.14 (collectively, the “Debt settlement“). Debt settlement will close on September 5, 2022.

All common shares issued in connection with the debt settlement are subject to a statutory hold period of four months and one day.

About Waraba Gold Limited

Formerly Zenith Exploration Inc., the company changed its name to Waraba Gold Limited on October 23, 2020. The company is a resource exploration company that acquires and explores mineral properties. The Company is a reporting issuer in the provinces of British Columbia and Alberta. The Company’s common shares trade on the Canadian Stock Exchange under the symbol “WBGD” and on the Frankfurt Stock Exchange under the symbol “ZE0”.

Company details :

For further information regarding the Company, please consult the Company’s profile on SEDAR, accessible at www.sedar.com or contact:

Carl Esprey
Chairman and Chief Executive Officer and Director
Telephone: +1 312 235 2605
E-mail: This email address is protected from spam. You need JavaScript enabled to view it.

Forward-looking information and statements

Certain statements contained herein are “forward-looking statements”. Often, but not always, forward-looking statements can be identified by the use of words such as “anticipates”, “expects”, “expects”, “expects”, “estimates”, “has intends to”, “anticipates” or “believes”, or variations of these words and phrases, or states that certain actions, events or results “could”, “might”, “will”, “might” or “will” be undertaken , will occur or be achieved. The Company cannot guarantee that these forward-looking statements will prove to be accurate. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this document.

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