NevGold Announces Closing of C$10M Brokered Private Placement Financing

Executive Summary

• NevGold Corp. closed a brokered private placement raising C$10,000,000 in gross proceeds.
• The offering consisted of 15,384,614 units at $0.65 per unit, each unit containing one common share and half a warrant (full warrant exercisable at $0.90).
• Proceeds will be used to advance the Limousine Butte gold‑antimony project in Nevada, Nutmeg Mountain gold project and Zeus copper project in Idaho, plus working capital and general corporate purposes.

Key Details

• Units Issued: 15,384,614 units @ $0.65 per unit = C$10,000,000 gross proceeds.
• Unit Composition: 1 common share + ½ warrant (full warrant exercisable at $0.90 until 19 Nov 2027; exercise restriction expires 19 Jan 2026).
• Agent/Bookrunner: Clarus Securities Inc., sole agent and bookrunner.
• Commission to Agent: Cash commission of $700,000 plus 1,076,922 non‑transferable compensation options (each option allows purchase of one common share at $0.65 until 19 Nov 2027).
• Use of Proceeds: Advancement of Limousine Butte gold‑antimony project (NV), Nutmeg Mountain gold project (ID), Zeus copper project (ID), plus working capital and general corporate purposes.
• Regulatory Framework: Conducted under the listed issuer financing exemption (NI 45‑106) and Coordinated Blanket Order 45‑935; securities not subject to a hold period in Canada, but compensation options and exercised securities have a hold period expiring 20 Mar 2026.
• TSX Venture Exchange Approval: Offering pending final approval of the TSX Venture Exchange.

Notable Quotes

“We are pleased to announce the closing of our C$10 million financing which provides the Company with a strong financial position to continue to advance its portfolio of assets… The strongly supported financing is a testament to the growing NevGold platform.” – Brandon Bonifacio, President & CEO