Nation Gold Closes Non-Brokered Private Placement of Common Shares

Executive Summary

• Nation Gold Corp. closed a non‑brokered private placement, issuing 9,000,000 common shares at $0.075 per share for gross proceeds of $675,000.
• Proceeds will be used for general working capital and to evaluate/pursue new project opportunities.
• The securities are subject to a four‑month hold period and an escrow release schedule (25% each at 4, 8, 12, 16 months post‑closing).

Key Details

• Offering Size: $675,000 gross proceeds.
• Shares Issued: 9,000,000 common shares.
• Purchase Price: $0.075 per share (non‑brokered).
• Use of Proceeds: General working capital; evaluation and pursuit of potential new project opportunities.
• Hold Period: Four‑month hold period in accordance with applicable securities laws 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.
• Related Party Participation: Insiders participated; transaction exempt from MI 61‑101 valuation and minority approval requirements because the company is not listed on the exchanges specified in subsection 5.5(b) and insider holdings do not exceed 25% of market cap.
• Finder Fees: No finder’s fees were paid in connection with the offering.
• Regulatory Status: Offering subject to acceptance by the Canadian Securities Exchange; securities not registered under U.S. securities laws and may not be offered or sold in the United States except pursuant to exemptions.

Notable Quotes

(No executive quotes provided in the release.)