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Nevada Sunrise Closes First Tranche Of Private Placement
Nevada Sunrise Closes First Tranche Of Private Placement Nevada Sunrise Closes Fir...
About this update from Nevada Sunrise Metals Corporation
[{"type":"text","content":"\n\n\n\nNevada Sunrise Closes First Tranche Of Private Placement\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\nNevada Sunrise Closes First Tranche Of Private Placement\nCanada NewsWire\nVANCOUVER, March 18, 2016\n\n\n\n\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES/\n\nTSXV: NEV\n \n\n\n\nVANCOUVER, March 18, 2016 /CNW/ - Nevada Sunrise Gold Corporation (\"Nevada Sunrise\" or the \"Company\") (TSXV: NEV)  announced today that it has closed the first tranche of its non-brokered $504,000 private placement of 2,800,000 units (the \"Units\") at a price of $0.18 per Unit (the \"Offering\"). Each Unit will consist of one common share of the Company (a \"Share\") and one-half of one common share purchase warrant (a \"Warrant\"). Each whole Warrant will entitle the holder to purchase one common share (a \"Warrant Share\") at a price of $0.30 for a period expiring on the earlier of 18 months following the closing date of the Offering. \n\nNevada Sunrise placed 1,135,833 Units in the first tranche of the Offering for gross proceeds of $204,450. In connection with closing the first tranche of the Offering, the Company paid finder's fees of 6% cash totaling $7,457 and issued 41,430 finder's warrants (each a \"Finder's Warrant\") representing 6% of the Units placed by the finders. Each Finder's Warrant will entitle the holder thereof to purchase a Unit in Nevada Sunrise at a price of $0.18 per Unit, exercisable at any time for 18 months following issuance. \n\nAll securities issued in the Offering are subject to a four‐month hold period, 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. Closing of the Offering is subject to the acceptance of the TSX Venture Exchange.\n\nProceeds from the Offering will be used to fund the exploration of the Com...