Nation Gold Announces Non-Brokered Private Placement of Common Shares

Executive Summary

• Nation Gold Corp. announced a non‑brokered private placement to raise up to CAD $525,000 by issuing up to 7,000,000 common shares at $0.075 per share.
• Proceeds will be used for general working capital and the evaluation/pursuit of new project opportunities.
• Shares are subject to a four‑month hold period and staged escrow releases (25 % each at 4, 8, 12 and 16 months after closing).

Key Details

• Offering Size: Up to CAD $525,000 gross proceeds.
• Shares Offered: Up to 7,000,000 common shares.
• Purchase Price: CAD $0.075 per share.
• Use of Proceeds: General working capital; evaluation and pursuit of potential new project opportunities.
• Finder’s Fees: May be paid to eligible arm‑length finders who locate investors.
• Regulatory Conditions: Offering subject to acceptance by the Canadian Securities Exchange.
• Hold Period: Four‑month hold period in accordance with applicable securities laws and exchange rules.
• Escrow Release Schedule:
• 25 % of shares released 4 months after closing date,
• 25 % released 8 months after closing,
• 25 % released 12 months after closing,
• 25 % released 16 months after closing.
• Insider Participation: Anticipated; qualifies as a related‑party transaction exempt from formal valuation and minority shareholder approval under MI 61‑101.
• U.S. Securities Law Disclaimer: Shares not registered under the U.S. Securities Act; cannot be offered or sold in the United States except pursuant to exemptions.

Notable Quotes

(No direct quotes were provided in the release.)