07:10 AM EST, 11/11/2025 (MT Newswires) -- EnviroGold Global ( ESGLF ) said Tuesday it has converted and retired $10.2 million in debt, eliminating all outstanding convertible and promissory liabilities from the company's balance sheet.

January's convertible promissory notes, with a face value of $4.1 million, were fully converted. A total of 68.7 million shares were issued at $0.06 each. An additional 3.2 million shares were issued for interest and costs at prevailing share prices, between May 20 to Nov. 7.

"With all convertible debt now retired, a clean balance sheet, EnviroGold enters its next phase from a position of strength. These steps underpin our focus on executing the commercialisation of the NVRO Process, scaling partnerships and delivering sustainable, recurring revenue growth," said chief executive David Cam.

EnviroGold will issue 1.9 million common shares at a deemed price of $0.135 apiece as partial payment of an engagement fee to Cantor Fitzgerald Canada. It also issued 850,000 common shares at a deemed price of $0.115 each to the estate of a former independent director of the company.