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NEVADA KING ANNOUNCES TERMS OF FULLY SUBSCRIBED $6,795,000 FINANCING WITH LEAD ORDER FROM COLLIN KETTELL
NEVADA KING ANNOUNCES TERMS OF FULLY SUBSCRIBED $6,795,000 FINANCING WITH LEAD ORDER FROM...
About this update from Nevada King Gold Corp
[{"type":"text","content":"\n \n \n \n NEVADA KING ANNOUNCES TERMS OF FULLY SUBSCRIBED $6,795,000 FINANCING WITH LEAD ORDER FROM COLLIN KETTELL\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n /THIS PRESS RELEASE IS NOT INTENDED FOR RELEASE OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n April 5, 2022\n \n \n /CNW/ -\n \n Nevada King Gold Corp.\n \n (TSXV: NKG) (OTCQX: NKGFF) (\"\n \n \n Nevada King\n \n \n \" or the \"\n \n Company\n \n \") is pleased to announce that it is proceeding with a non-brokered private placement financing (the \"\n \n Private Placement\n \n \") through the issuance of 15,100,000 common shares (the \"\n \n Shares\n \n \") of the Company at a price of\n \n $0.45\n \n per Share for aggregate gross proceeds of\n \n $6,795,000\n \n . The Private Placement is fully allocated and is expected to close on or about\n \n April 18, 2022\n \n .\n \n \n \n \n \n \n \n \n \n \n Highlights\n \n \n \n \n Company Founder & Chief Executive Officer\n \n Collin Kettell\n \n is subscribing for\n \n $2,250,000\n \n of the Private Placement.\n \n \n \n \n Exploration Manager\n \n Cal Herron\n \n is subscribing for\n \n $300,000\n \n of the Private Placement. Other members of management and of the board of directors are subscribing for an additional aggregate\n \n $325,000\n \n of the financing.\n \n \n \n \n Crescat Capital through its Crescat Global Macro Fund and Crescat Precious Metals Fund is subscribing for\n \n $300,000\n \n of the Private Placement to add to its existing holdings.\n \n \n \n \n Upon completion of the Private Placement,\n \n Nevada King\n \n will have working capital in excess of\n \n $19-million\n \n to support drilling at three of its gold projects along the Battle Mountain Trend, Nevada.\n \n \n \n \n Collin Kettell\n \n , Chief Executive Officer of\n \n Nevada King\n \n , stated: \"We are pleased to announce this fully subscribed financing which is priced at market and without a warrant. Participation by insiders represen...