Mr. Peter Ball reports
NV GOLD ANNOUNCES UPSIZING OF PRIVATE PLACEMENT TO CDN$1,000,000
Due to strong interest, NV Gold Corp. has increased its previously announced non-brokered private placement (see news release dated March 19, 2018) to $1-million.
The private placement is an offering of up to 8,333,333 units at 12 cents per unit. Each unit consists of one share and one-half of one warrant, with each warrant exercisable at 20 cents per share for 30 months from the issue of the units. A finder's fee is payable on subscriptions by certain of the subscribers of 7 per cent of the cash proceeds paid by such subscribers and warrants to purchase 7 per cent of the number shares issuable to such subscribers in respect of their subscriptions for units.
The closing of the private placement is conditional on acceptance of the TSX Venture Exchange. The proceeds of the private placement will be used by the company for the advancement of existing properties, potential acquisition new properties and general working capital.
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. Leveraging its highly experienced in-house technical knowledge, NV Gold has a geological team that 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.
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