NV Gold Completes Private Placement for $868,071.60

NV Gold Corporation, listed on TSXV, OTCQB, and FSE, has closed its non-brokered private placement as announced previously. The company issued 2,893,572 units at $0.30 each, garnering total proceeds of $868,071.60. Each unit includes one common share and half of a transferable common share purchase warrant. Each warrant, exercisable at $0.60, has a two-year expiration, with an acceleration option if share prices exceed $0.75 for five consecutive days after the specified date.

Securities from the offering come with a statutory hold period of four months and one day. Notably, the offering did not involve any finder's fees. The raised funds are earmarked for an expected drill program and general working capital. A related party participated, exempt under MI 61-101 due to market capitalization limits.