Nevada Sunrise increases private placement to $600,000

Executive Summary

• Nevada Sunrise Metals Corp. has increased the size of its non-brokered private placement from up to 7 million units to up to 12 million units due to investor demand.
• The offering is priced at $0.05 per unit, raising gross proceeds of up to $600,000.
• Proceeds will be allocated to exploration work on Nevada gold, copper, and lithium properties, as well as other mineral property investigations and general working capital.

Key Details

• Transaction Structure: Non-brokered private placement.
• Units Offered: Increased to up to 12 million units (previously up to 7 million).
• Price Per Unit: $0.05.
• Gross Proceeds: Up to $600,000.
• Unit Composition: Each unit consists of one common share and one common share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to purchase one additional common share at an exercise price of $0.075 per warrant share.
• Warrant Expiration: Three years following the closing date of the offering.
• Use of Proceeds:
  • Exploration work on the company's Nevada gold, copper, and lithium properties.
  • Other mineral property investigations.
  • General working capital.
• Eligibility: Available to accredited investors and individuals qualifying under certain statutory exemptions.
• Hold Period: Securities are subject to a statutory four-month hold period.
• Regulatory Approval: Subject to acceptance of the TSX Venture Exchange.
• Finder's Fees: May be payable to parties at arm's length who introduced the company to subscribers.

Notable Quotes

• None provided in the text.