Business
NevGold Announces Closing of C$10M Brokered Private Placement Financing
NOT FOR DISTRIBUTION TO THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES Vancouver, Britis...
About this update from Nevgold Corp
[{"type":"text","content":"NevGold Announces Closing of C$10M Brokered Private Placement Financing\n\n\n\n NOT FOR DISTRIBUTION TO THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES\n \n\n Vancouver, British Columbia, Nov. 19, 2025 (GLOBE NEWSWIRE) -- NevGold Corp. (“\n \n NevGold\n \n ” or the “\n \n Company\n \n ”)\n \n (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50\n \n ) is pleased to announce that it has closed its previously-announced brokered private placement financing of units (the “\n \n Units\n \n ”) for\n \n gross proceeds of $10,000,000\n \n (the “\n \n Offering\n \n ”). Each Unit, priced at $0.65 per Unit (the “\n \n Issue Price\n \n ”), consists of one common share in the capital of the Company (each, a “\n \n Common Share\n \n ”) and one-half of one Common Share purchase warrant (each whole warrant, a “\n \n Warrant\n \n ”). Each Warrant entitles the holder to purchase one Common Share at an exercise price of $0.90 until November 19, 2027. The Warrants are subject to a restriction on exercise that expires on January 19, 2026. Clarus Securities Inc. (the “\n \n Agent\n \n ”), was sole agent and bookrunner for the Offering.\n \n\n\n NevGold CEO, Brandon Bonifacio, comments:\n \n\n “We are pleased to announce the closing of our C$10 million financing which provides the Company with a strong financial position to continue to advance its portfolio of assets. We remain focused on progressing the emerging gold-antimony Limousine Butte Project in Nevada after the\n \n\n\n\n\n significant high-grade antimony discovery made at the Bullet Zone released on October 16, 2025.\n \n\n\n\n\n We strongly believe that we have one of the\n \n\n\n most advanced gold-antimony assets in the United States\n \n\n\n , and the timing is optimal as there is a clear commitment from the government to advance high-quality, domestic, critical mineral projects.\n \n\n We will also continue to advance our efforts in Idaho at the resource stage Nutmeg Mountain Gold Project and the highly prospective Zeus Copper Project. The strongly supported financing is a testament to the growing NevGold platform. We are thankful to our existing and new shareholders, and Clarus Securities on the successful offering.”\n \n\n\n The Company issued an aggregate of 15,384,61...