NV Gold Announces $500,000 Financing and Debt Settlement

About this update from Nv Gold Corporation

[{"type":"text","content":"NV Gold Announces $500,000 Financing and Debt SettlementVANCOUVER, BC / ACCESS Newswire / May 22, 2025 / NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) (\"NV Gold\" or the \"Company\"), is pleased to announce a non-brokered private placement for gross proceeds of up to C$500,000 and the deleveraging of its balance sheet with the conversion of loans in the aggregate amount of US$400,000 into equity.Private PlacementThe Company announces a non-brokered private placement offering of up to 5,000,000 units (each, a \"Unit\") at a price of C$0.10 per Unit for gross proceeds of up to C$500,000 (the \"Offering\").Each Unit consists of one common share of the Company (a \"Common Share\") and one Common Share purchase warrant (a \"Warrant\"). Each Warrant will entitle the holder thereof to acquire one additional Common Share at a price of C$0.20 for a period of 24 months from the date of issuance, provided that if the closing price of the Common Shares on any Canadian stock exchange on which the Common Shares are then listed is at a price equal to or greater than C$0.40 for a period of five consecutive trading days, the Company will have the right to accelerate the expiry date of the Warrants by issuing a press release or other form of notice permitted by the certificate representing the Warrants, announcing that the Warrants will expire at 4:30 p.m. (Vancouver time) on a date that is not less than 30 days from the date notice is given.The Company will use the proceeds of the Offering for exploration activities at the Company's Slumber Gold Project and for general working capital purposes.The securities issued in the Offering will be subject to applicable hold periods imposed under applicable securities legislation, including a hold period of 4 months and one day from the date of issuance. The Company may pay a finder's fee on a portion of the gross proceeds of the Offering. The Offering remains subject to regulatory approval and the approval of the TSX Venture Exchange.Debt SettlementThe Company also announces that further to the Company's press release on April 21, 2025, it has completed its previously announced shares for debt transaction (the \"Debt Settlement\") and issued an aggregate of 5,161,578 common shares of the Company (the \"Settlement Shares\") at a price of C$0.1125 per share in settlement of payment owed pursuant to...

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