Mr. Peter Ball reports
NV GOLD ANNOUNCES UPSIZING OF PRIVATE PLACEMENT TO CDN$1,060,500
NV Gold Corp., due to strong interest, has further increased the previously announced non-brokered private placement (see news releases dated March 19, 2019, and March 21, 2019) up to $1,060,500.
The placement is an offering of up to 8,837,500 units at 12 cents per unit. Each unit comprises one share and one-half of one warrant exercisable at 20 cents 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 per cent of the cash proceeds paid by such subscribers and warrants to purchase 7 per cent of the number of 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 of new properties and for 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'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.
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