NV Gold Corporation Announces $1.4M Private Placement

NV Gold Corporation, based in Vancouver, announced a non-brokered private placement to raise up to $1.4 million CAD. The offering will issue up to 3,500,000 units at $0.40 per unit. Each unit includes one common share and half of a transferable common share purchase warrant. A whole warrant, formed by two halves, is exercisable at $0.80 within two years from issuance.

A Finder's Fee of six percent may be applicable, and insiders might participate in the transaction. Securities will be held for four months plus one day after closing, pending exchange approval. The expected funds are earmarked for an anticipated drilling program and general working capital needs.

This offering is not registered under the U.S. Securities Act of 1933, thus not available for sale in the U.S. without registration or exemption. NV Gold emphasizes this release does not constitute a sales offer.