Nation Gold Upsizes Non-Brokered Private Placement of Common Shares

Executive Summary

• Nation Gold Corp. increased its non‑brokered private placement, now seeking up to $675,000 by issuing 9,000,000 common shares at $0.075 per share (up from $525,000 / 7,000,000 shares).
• Proceeds will be used for general working capital and to evaluate/pursue new project opportunities.
• Shares are subject to a four‑month hold period and staged escrow releases (25% at 4, 8, 12, 16 months post‑closing).

Key Details

• Offering Size: Up to $675,000 gross proceeds.
• Shares Offered: Up to 9,000,000 common shares at $0.075 per share.
• Previous Offering: $525,000 via up to 7,000,000 shares – now increased.
• Use of Proceeds: General working capital; evaluation and pursuit of potential new project opportunities.
• Finder’s Fees: May be paid to eligible arm‑length finders who locate investors.
• Regulatory Conditions: Subject to acceptance by the Canadian Securities Exchange (CSE).
• Holding Period: Four‑month hold period per securities law and CSE rules.
• Escrow Release Schedule:
• 25% released 4 months after closing date,
• 25% released 8 months after closing date,
• 25% released 12 months after closing date,
• 25% released 16 months after closing date.
• Insider Participation: Anticipated; qualifies as a related‑party transaction under MI 61‑101 but exempt from formal valuation and minority shareholder approval requirements.
• U.S. Securities Law Disclaimer: Shares not registered under the U.S. Securities Act; cannot be offered/sold in the United States except pursuant to exemptions.

Notable Quotes

(No direct quotes were provided in the release.)