VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 20, 2017) - NV Gold Corporation (TSX VENTURE:NVX) (the "Company") announced today a non-brokered private placement of units of the Company for gross proceeds of up to CDN$910,000 (the "Placement").
The Placement is an offering of up to 2,600,000 units (the "Units") at CDN$0.35 per Unit. Each Unit consists of one Share and one-half of one Warrant exercisable at CDN$0.60 per share for two years from issue of the 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 acquisition and advancement of existing and new properties of the Company and for general working capital.
John E. Watson, the Company's CEO has confirmed he will subscribe to the Placement for up to CDN$107,500 in Units.
About NV Gold Corporation
NV Gold is junior exploration company based in Vancouver, British Columbia that is focused on delivering value through mineral discoveries utilizing the prospector generator model. Leveraging its highly experienced in-house technical knowledge, NV Gold's geological team intends to use its geological database, which contains a vast treasury of field knowledge spanning decades of research and exploration, combined with a portfolio of mineral properties in Nevada, to create opportunities for lease or joint venture. NV Gold plans to aggressively acquire additional land positions for the growth of its business.
