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Nevada Sunrise Closes Second and Final Tranche of Private Placement
/NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES/ VANCOUVER, July 17, 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, July 17, 2018 /CNW/ - Nevada Sunrise Gold Corporation (\"Nevada Sunrise\" or the \"Company\") (TSXV: NEV) announces today that it has closed the second and final tranche of its previously announced non-brokered private placement of units (\"Units\") at a price of $0.15 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 $0.25 for a period expiring on the earlier of three years following the closing date of the Offering and, subject to the issuance of notice by the Company in the manner provided for in the subscription agreements for the Offering, the day which is 30 days after the date that the volume weighted average trading price of the common shares of the Company on the TSX Venture Exchange (the \"TSXV\") exceeds $0.40 per share over a period of 10 consecutive trading days. Nevada Sunrise placed 685,000 Units in the second tranche of the Offering for gross proceeds of $102,750. A total of 2,905,133 Units were placed in both tranches of the Offering for gross proceeds of $435,770. 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 first tranche of the Offering is November 6, 2018. The hold period expiry date for securities issued in the second tranche of the Offering is November 18, 2018. 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. 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 in the State of Nevada,...