NV Gold Corporation Announces Non-Brokered Private Placement

NV Gold Corporation has announced a non-brokered private placement aiming to raise up to $1,401,000 CAD. The transaction will issue up to 4,670,000 units at $0.30 per unit, with each unit comprising one common share and a half transferable warrant. Each whole warrant can be exercised at $0.60 within two years. A Finder's Fee of six percent may apply, and insiders are expected to participate, triggering related party transaction considerations under MI 61-101.

The offering's proceeds will fund a drill program and general working capital. Nonetheless, securities issued will not be registered under the U.S. Securities Act of 1933 and the offering is contingent on Exchange approval. The private placement underscores NV Gold Corporation's strategic efforts to bolster exploration initiatives, notably in Nevada, USA, where they have 12 active projects.