Business
Nevada Sunrise Closes $150,000 Private Placement
/NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES/ VANCOUVER, Oct. 29, 2018 /CNW/ - Nevada Sunrise Gold Corporation ("Nevada Sun
About this update from Nevada Sunrise Metals Corporation
[{"type":"text","content":" /NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES/ VANCOUVER, Oct. 29, 2018 /CNW/ - Nevada Sunrise Gold Corporation (\"Nevada Sunrise\" or the \"Company\") (TSXV: NEV) announced today that it has closed its previously announced non-brokered private placement of units (\"Units\") at a price of $0.05 per Unit (the \"Offering\"). Each Unit consists of one common share of the Company (a \"Share\") and one common share purchase warrant (a \"Warrant\"). Each Warrant will entitle the holder to purchase one common share (a \"Warrant Share\") at a price of $0.10 for a period expiring on the earlier of two years following the closing date of the Offering. Nevada Sunrise placed 3,000,000 Units in the Offering for gross proceeds of $150,000. All securities issued in the Offering are subject to a four-month hold period, during which time the securities may not be traded. The hold period expiry date for securities issued in the Offering is March 1, 2019. In connection with the Offering, the Company paid finders' fees of 7% cash totaling $4,025. The securities described herein have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States unless registered under the Act or unless an exemption from registration is available. In connection with the Offering, the Company paid finders' fees of 7% cash totaling $4,025. Closing of the Offering is subject to the acceptance of the TSX Venture Exchange. Proceeds from the Offering will be used to fund the exploration of the Company's Nevada mineral properties, and as general working capital. 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, cobalt, copper and lithium exploration projects located in the State of Nevada, USA. The Company's two key gold assets include a 100% interest in the Golden Arrow project near Tonopah, currently the subject of an imminent transaction with Emgold Mining Corporation (TSXV: EMR), and a 21% interest in a joint venture at Kinsley Mountain with Liberty Gold Inc. (TSX: LGD) near Wendover, with each of the properties subject to certain production royalties. Nevada Sunrise has an option to earn a 100% interest in the historic Lovelock Cobalt Mine and Tr...