Nevada King Provides Market Update

Investor webinar replay

Meeting Overview The meeting focused on the recent strategic investment by Sentara Gold in Nevada King, discussing the due diligence process, the implications of this investment, and the future plans for the company's exploration efforts. CEO John Sklodnik provided insights into the relationship with Sentara and how the investment aligns with Nevada King's goals. Key Discussion Points - Overview of Sentara Gold's strategic investment of 9.9% in Nevada King at a premium price. - The due diligence process undertaken by Sentara, including site visits and collaboration with Nevada King's exploration team. - The significance of Sentara's endorsement for Nevada King's credibility and future corporate interest. - Insights into insider investment behavior from major shareholders Colin Kettle and Michael Parker. - Plans for utilizing the $16 million investment, particularly the $10 million from Sentara for regional exploration. Decisions Made - No explicit decisions recorded. Action Items & ...

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[Speaker identities could not be resolved; generic labels used] [00:04] Speaker 1: Hello everyone and thank you for joining us today for this live Nevada King event. We're joined by CEO [00:09] Speaker 1: John Sklodnik, [00:11] Speaker 1: who has taken time out of his day to give you all the opportunity to ask your questions. So please submit your questions in the chat and we'll get to as many of them as possible. [00:20] Speaker 1: 1 last note is that this event is being recorded and will be available for replay shortly after we conclude. [00:25] Speaker 1: So with that, John, thank you for taking the time out of your day. I have a few lined up to get the room warm while people submit questions. [00:35] Speaker 1: The headline event since we last spoke is obviously the Sentara Gold strategic investment. [00:40] Speaker 1: They've taken 9.9%, [00:42] Speaker 1: 21 cents, which is [00:45] Speaker 1: 27% above where the stock was trading the day before the announcement. [00:49] Speaker 1: Can you walk us through how the deal came together and what their due diligence process on Atlanta actually looked like before they pulled the trigger? [00:58] Speaker 2: Yeah, for sure. And for those wondering, post-consolidation, [01:02] Speaker 2: that's about a $1.05 [01:03] Speaker 2: Canadian entry point for Sentara. [01:07] Speaker 2: And really, I guess going back, it started with maybe a pitch to their Corp Dev group. [01:14] Speaker 2: I was in equity research at the time, covered [01:17] Speaker 2: Sentara [01:19] Speaker 2: and worked alongside, [01:20] Speaker 2: we're both Equity Research analysts, someone in their Corp Dev group. So had a relationship there and kind of just pitched the idea of Nevada King, [01:29] Speaker 2: given they've got interest in our neck of the...