Mr. JohnWatson reports
NV GOLD ANNOUNCES CLOSING OF CDN$1,002,000 PRIVATE PLACEMENT
NV Gold Corp. has closed its non-brokered private placement of $1,002,000 in units announced on March 19, 2018.
The company sold 1.67 million units at 60 cents per unit.Each unit consists of one share and one-half of one warrant exercisable at 90 cents until April 3, 2020.The expiry date of each whole warrant is subject to acceleration such that, should the volume weighted average price of the common shares of the company exceed $1.50 for 10 consecutive trading days, the company may notify the holder in writing that the warrants will expire 20 trading days from receipt of such notice unless exercised by the holder before such date.The units and any shares issued upon exercise of the warrants are subject to a hold period which expires on Aug. 4, 2018.
Correction
The company also wants to correct an error in its news release of March 23, 2018, announcing the closing of its previous private placement on that date.In the news release it stated that the warrants issued in that placement were exercisable until March 23, 2018.The news release should have indicated that the warrants are exercisable until March 23, 2020.
About NV Gold Corp.
NV Gold is a junior exploration company based in Vancouver, B.C., that is focused on delivering value through mineral discoveries utilizing the prospector generator model. Leveraging its highly experienced in-house technical knowledge, NV Gold's geological team intends to use its geological database, which contains a vast treasury of field knowledge spanning decades of research and exploration, combined with a portfolio of mineral properties in Nevada, to create opportunities for lease or joint venture. NV Gold plans to aggressively acquire additional land positions for the growth of its business.
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