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Nevada Sunrise Announces $630,000 Private Placement
VANCOUVER, BC, Aug. 28, 2020 /CNW/ - Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") (TSXV: NEV) is pleased to announce a private placement
About this update from Nevada Sunrise Metals Corporation
[{"type":"text","content":" VANCOUVER, BC, Aug. 28, 2020 /CNW/ - Nevada Sunrise Gold Corporation (\"Nevada Sunrise\" or the \"Company\") (TSXV: NEV) is pleased to announce a private placement (the \"Offering\") of up to $630,000, consisting of 3,500,000 units (the \"Units\") at a price of $0.18 per Unit, each Unit consisting of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant will entitle the holder to purchase one common share at a price of $0.30 for a period expiring two years following the closing date of the Offering. Nevada Sunrise has received a strategic lead order for approximately 25% of the Offering. Finder's fees may be payable to parties at arm's length to Nevada Sunrise that have introduced the Company to certain subscribers participating in the Offering. Proceeds of the Offering will be used for exploration on the Company's mineral properties and general working capital. The Offering is subject to acceptance of the TSX Venture Exchange. About Nevada Sunrise Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC, Canada, that holds interests in gold, copper, cobalt and lithium exploration projects located in the State of Nevada, USA. The Company's key gold asset is a 20.01% interest in a joint venture with New Placer Dome Gold Corp. at the Kinsley Mountain Gold Project near Wendover, with the property subject to a 3.0% net smelter returns royalty. Nevada Sunrise has the right to earn a 100% interest in the historic Lovelock Cobalt Mine and Treasure Box copper property, each located approximately 150 kilometers (100 miles) east of Reno, both of which are currently under option to Global Energy Metals Corp. (TSXV: GEMC) who can earn up to an 85% participating interest from the Company. In September 2018, Nevada Sunrise acquired the right to earn a 100% interest in the Coronado VMS Project, located in Pershing County, approximately 48 kilometers (30 miles) southeast of Winnemucca. Nevada Sunrise owns 100% interests in the Jackson Wash and Gemini lithium projects, both of which are located in Esmeralda County. The Company owns Nevada water right Permit 44411, located within the Clayton Valley basin near Silver Peak, Nevada. FORWARD LOOKING STATEMENTS This release may contain forward–looking statem...