Nevgold arranges $10-million private placement

Executive Summary

• Nevgold Corp. has entered into an agreement for a brokered private placement of units to raise up to C$10 million in gross proceeds.
• The offering is priced at C$0.65 per unit, with each unit consisting of one common share and one-half of one common share purchase warrant.
• Net proceeds are intended for advancing the Limousine Butte, Nutmeg Mountain, and Zeus projects, as well as working capital and general corporate purposes.

Key Details

• Financing Structure: Brokered private placement conducted via best efforts.
• Agent/Bookrunner: Clarus Securities Inc.
• Price: C$0.65 per unit.
• Gross Proceeds: Up to C$10 million.
• Unit Composition: Each unit comprises one common share and one-half of one common share purchase warrant.
• Warrant Terms:
  • Exercise Price: C$0.90 per share.
  • Duration: 24 months following completion of the offering.
  • Restriction: Exercise restricted for 61 days following the closing date.
• Agent Compensation:
  • Cash Commission: 7.0% of gross proceeds.
  • Compensation Options: 7.0% of units sold, non-transferable.
  • Option Terms: Entitle holder to acquire one common share at the issue price (C$0.65) for 24 months from closing.
• Use of Proceeds: Advancing Limousine Butte gold-antimony project (Nevada), Nutmeg Mountain gold project (Idaho), Zeus copper project (Idaho), working capital, and general corporate purposes.
• Closing Date: Anticipated on or about November 27, 2025.
• Conditions: Subject to receipt of all necessary approvals, including TSX Venture Exchange approval.
• Regulatory Exemption: Listed issuer financing exemption under National Instrument 45-106 (Part 5A) and Coordinated Blanket Order 45-935.
• Hold Period: No hold period applies to securities issued under this exemption.
• Jurisdiction: Offered to purchasers resident in Canada (excluding Quebec) and/or other qualifying jurisdictions.

Notable Quotes

• None provided in the text.