NV Gold Announces Non-Brokered Private Placement

Executive Summary

• NV Gold Corporation announced a non‑brokered private placement of 2,079,002 units at $0.20 per unit, targeting gross proceeds of approximately $415,800.40.
• Each unit consists of one common share and one transferable warrant exercisable at $0.50 for two years.
• Proceeds are earmarked for general working capital; the offering is subject to TSXV approval and statutory hold periods.

Key Details

• Units Offered: 2,079,002 units @ $0.20 per unit → Gross proceeds: $415,800.40.
• Unit Composition: 1 common share + 1 transferable common‑share purchase warrant.
• Warrant Terms: Exercise price $0.50; expiration 2 years from issuance date.
• Statutory Hold Period: Securities subject to a hold period expiring four months and one day after closing.
• Use of Proceeds: Expected to be used for general working capital.
• Regulatory Conditions: Completion contingent on TSXV exchange approval; securities not registered under U.S. securities laws and may not be offered or sold in the United States absent exemption.
• Closing Conditions: Subject to customary closing conditions, including exchange approval and satisfaction of hold‑period requirements.

Notable Quotes

• John Watson, Chairman and CEO: “This financing provides us with the capital needed to advance our exploration programs and maintain operational flexibility as we pursue value‑creating opportunities across our Nevada portfolio.”