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Nevada Sunrise Closes $210,000 Private Placement
VANCOUVER, BC, July 10, 2020 /CNW/ - Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") (TSXV: NEV) is pleased to announce the closing of its p
About this update from Nevada Sunrise Metals Corporation
[{"type":"text","content":" VANCOUVER, BC, July 10, 2020 /CNW/ - Nevada Sunrise Gold Corporation (\"Nevada Sunrise\" or the \"Company\") (TSXV: NEV) is pleased to announce the closing of its previously-announced private placement (the \"Offering\") consisting of 7,000,000 units (the \"Units\") at a price of $0.03 per Unit, each Unit consisting of one common share of the Company and one common share purchase warrant (a \"Warrant\") for gross proceeds of $210,000. Each Warrant will entitle the holder to purchase one common share at a price of $0.05 for a period of two years from closing of the Offering, expiring on July 10, 2022. All securities issued in the Offering are subject to a four–month hold period, until November 11, 2020, during which time the securities may not be traded. 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. No finder's fees were paid in conjunction with the Offering. Closing of the Offering is subject to the acceptance of the TSX Venture Exchange. Proceeds of the Offering will be used for operating expenses and outstanding payables, as follows:Mineral property option payment - $46,500; Audit fees - $50,000; Management fees and salaries due to related parties - $38,250; Insurance - $15,000; Geological consulting - $12,000; Investor relations and promotion - $7,000; Office rent and expenses - $6,500; Private placement closing costs - $3,000; Regulatory fees - $3,000; Transfer agent fees - $1,300; Other outstanding payables and unallocated working capital - $27,450. 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% interest in a joint venture with New Placer Dome Inc. (TSXV: NGLD) 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 kilomete...