Business
NV Gold Closes Oversubscribed Private Placement
VANCOUVER, BC / ACCESSWIRE / May 26, 2020 / NV Gold Corporation (TSXV:NVX)(OTC PINK:NVGLF)...
About this update from Nv Gold Corporation
[{"type":"text","content":"NV Gold Closes Oversubscribed Private PlacementVANCOUVER, BC / ACCESSWIRE / May 26, 2020 / NV Gold Corporation (TSXV:NVX)(OTC PINK:NVGLF) (\"NV Gold\" or the \"Company\") is pleased to announce that it has closed its non-brokered private placement, previously announced on May 11th, 2020, and subsequently increased on May 14, 2020, of $1,189,220 (the \"Placement\").\"We appreciate the strong investor interest in NV Gold, and the subsequent closing of an oversubscribed private placement. In addition, we would like to welcome new strategic shareholders including GoldSpot Discoveries Corp. (TSXV: SPOT), and two large resource focused funds. Our technical team is now finalizing our 2020 exploration plans, which is anticipated to commence in the next few weeks,\" commented Peter A. Ball, President and CEO of NV Gold.The Company sold 8,494,429 units (the \"Units\") at CDN$0.14 per Unit. Each Unit consists of one Share and one-half of one Warrant, each whole Warrant exercisable to acquire one common share at CDN$0.20 per share until May 25, 2022.The proceeds of the Placement will be used by the Company for the advancement of the Slumber and Sandy Gold Projects, other existing properties, potential acquisition of new properties, and for general working capital. The Company paid finder's fees totaling CDN$5,684 and issued 40,600 finder's warrants in respect of subscriptions under the private placement. Each finder's warrant is exercisable to acquire one common share at CDN$0.20 per share until May 25, 2022.The common shares forming part of the Units and any shares issued upon exercise of the Warrants or the finder's warrants are subject to a hold period which expires on September 26, 2020.About NV Gold CorporationNV Gold is a junior exploration company based in Vancouver, British Columbia that is focused on delivering value through mineral discoveries and project advancement. Leveraging its highly experienced in-house technical knowledge, NV Gold's geological team intends to utilize its geological databases, which contain a vast treasury of field knowledge spanning decades of research and exploration, combined with a portfolio of mineral properties in Nevada, to prioritize key projects for focused exploration programs.On Behalf of the Board of Directors,Peter A. BallPresident and CEOFor further information, visit the Company's website at ...