NV Gold Announces Non-Brokered Private Placement

Executive Summary

• NV Gold Corporation announced a non‑brokered private placement to raise up to $1,000,000 by issuing 5,000,000 units at $0.20 per unit.
• Each unit consists of one common share and one transferable warrant exercisable at $0.50, expiring two years from issuance.
• Proceeds are earmarked for general working capital; the offering is subject to exchange approval and statutory hold periods.

Key Details

• Units Offered: Up to 5,000,000 units ($0.20 per unit) → gross proceeds up to $1,000,000.
• Unit Composition: 1 common share + 1 transferable common‑share purchase warrant.
• Warrant Terms: Exercise price $0.50; expiration 2 years from issuance date.
• Insider Participation: Insiders may participate; such participation is a related‑party transaction under MI 61‑101 but expected to be exempt from formal valuation and minority‑shareholder approval requirements.
• Statutory Hold Period: Securities subject to a hold period of four months + one day after closing.
• Exchange Approval: Completion contingent on TSXV (or applicable exchange) approval.
• Use of Proceeds: Intended for general working capital purposes.
• U.S. Offering Restrictions: Units will not be registered under the U.S. Securities Act and may not be offered or sold in the United States absent an exemption.

Notable Quotes

(No direct quotes from executives were included in the release.)