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T$R independently initiated coverage of ESGold on 1 February 2022. T$R, D4 (founder of T$R), and D4’s spouse hold ESGold shares and may buy or sell ESGold securities at any time without notice. These holdings represent a financial interest and a conflict of interest, and this content may reflect bias.

After coverage was independently initiated, T$R received compensation from ESGold, including 250,000 ESGold shares and C$50,000 (before sales tax) for certain research reports. D4 also acts as a Strategic Corporate Business Advisor to ESGold outside of T$R, and D4 has personally received finder’s fees in cash and warrants and has participated in ESGold financings. These are material conflicts of interest, and this content should not be considered independent or unbiased. 

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