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NV Gold Announces Closing of Debt Settlement and Second and Final Tranche of Private Placement
Not for distribution to United States newswire services or for dissemination in the United States...
About this update from Nv Gold Corporation
[{"type":"text","content":"NV Gold Announces Closing of Debt Settlement and Second and Final Tranche of Private PlacementNot for distribution to United States newswire services or for dissemination in the United States VANCOUVER, BC / ACCESS Newswire / November 18, 2025 / NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) (\"NV Gold\" or the \"Company\") is pleased to announce that it has closed the shares for debt transaction (the \"Debt Settlement\") and the second and final tranche (the \"Second Tranche\") of its non-brokered private placement (the \"Private Placement\") as previously announced in the Company's news release dated October 22, 2025.In connection with the Second Tranche, NV Gold issued 277,777 units (each, a \"Unit\") at a price of $0.18 per Unit for aggregate gross proceeds of approximately $50,000. Each Unit consists of one common share in the capital of the Company (each, a \"Common Share\") and one non-transferable Common Share purchase warrant (each, a \"Warrant\"). Each Warrant is exercisable into one Common Share at a price of $0.40 per Common Share for a period of 24 months from the date of issuance.The Company previously closed the first tranche of the Private Placement on November 5, 2025 for aggregate gross proceeds of $616,199 through the sale of 3,423,330 Units. To date, the Company has raised aggregate gross proceeds of approximately $666,199 through the sale of 3,701,107 Units.The Company intends to use the proceeds of the Second Tranche for exploration at the Company's Slumber Gold Project and for working capital and general corporate purposes.All securities issued pursuant to the Second Tranche will be subject to a statutory hold period of four months plus one day from the date of issuance, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada. No finder's fees were paid in connection with the Second Tranche.None of the securities sold in connection with the Second Tranche have been and will not be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in t...