Nevada Sunrise arranges $350,000 private placement

Executive Summary

• Nevada Sunrise Metals Corp. has arranged a non-brokered private placement for gross proceeds of up to $350,000.
• The offering consists of seven million units priced at $0.05 per unit, with proceeds allocated to exploration of Nevada gold, copper, and lithium properties, as well as general working capital.
• Each unit includes one common share and one common share purchase warrant exercisable at $0.075 per share for three years.

Key Details

• Gross Proceeds: Up to $350,000.
• Units Offered: 7,000,000 units.
• Price Per Unit: $0.05.
• Warrant Terms: Each unit includes one common share purchase warrant; each warrant entitles the holder to purchase one common share at an exercise price of $0.075.
• Warrant Expiration: Three years from 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.
• Investor Eligibility: Accredited investors and individuals qualifying under certain statutory exemptions.
• Hold Period: Securities are subject to a statutory four-month hold period.
• Regulatory Status: 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.