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NV Gold Arranges Private Placement of up to CDN$750,000
Not for distribution to U.S. news wire services or for dissemination in the U.S. VANCOUV...
About this update from Nv Gold Corporation
[{"type":"text","content":"NV Gold Arranges Private Placement of up to CDN$750,000Not for distribution to U.S. news wire services or for dissemination in the U.S.VANCOUVER, BC / ACCESSWIRE / March 19, 2019 / NV Gold Corporation (TSX-V: NVX; OTC Pink: NVGLF) (\"NV Gold\" or the \"Company\") is pleased to announce it has arranged a non-brokered private placement of units of the Company for gross proceeds of up to CDN$750,000 (the \"Placement\"). \"The Company and our technical team are looking forward to what is shaping up to be a busy and exciting 2019 within our Nevada portfolio. After reviewing our project portfolio, we will be finalizing our exploration strategy in the next couple of weeks and look forward to a focused 2019 exploration and drilling season with great excitement,\" commented Peter A. Ball, President and COO of NV Gold.The Placement is an offering of up to 6,250,000 units (the \"Units\") at CDN$0.12 per Unit. Each Unit consists of one Share and one-half of one Warrant exercisable at CDN$0.20 per share for 30 months from issue of the Units. A finder's fee is payable on subscriptions by certain of the subscribers of 7% of the cash proceeds paid by such subscribers and warrants to purchase 7% of the number shares issuable to such subscribers in respect of their subscriptions for Units.Closing of the Placement is conditional on acceptance of the TSX Venture Exchange. The proceeds of the Placement will be used by the Company for the advancement of existing properties, potential acquisition new properties, and for general working capital.This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.About NV Gold CorporationNV Gold is a junior exploration company based in Vancouver, British Columbia that is focused on delivering value through mineral discoveries. Leveraging its highly experienced in-house technical knowledge, NV Gold's geological team intends to utilize its geological databases,...