Nevgold Announces Shares-FOR-Debt Agreements
NEVGOLD ANNOUNCES SHARES-FOR-DEBT AGREEMENTS
Vancouver, British Columbia – September 21, 2023 – NevGold Corp. (“NevGold” or the “Company”)
(TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce that it has entered into two
debt settlement agreements dated September 21, 2023 to settle outstanding debt in the amount of C$169,580
(the “Debt”) owing to two arm’s-length creditors, by issuing an aggregate of 403,761 common shares in
the capital of the Company (the “Common Shares”) at a price of $0.42 per Common Share (the “Shares-
for-Debt Transaction”), reflecting a plus 50% premium to the current NevGold share price , to the
creditors. The NevGold Board of Directors has determined that it is in the best interests of the Company to
settle the outstanding Debt by the issuance of Common Shares at a significant premium to market in order
to preserve the Company’s cash for ongoing operations.
Closing of the Shares -for-Debt Transaction is subject to customary closing conditions , including the
approval of the TSX Venture Exchange. The Company intends to close the Shares-for-Debt Transaction as
soon as practicable. The Common Shares to be issued pursuant to the Shares-for-Debt Transaction will be
subject to a hold period of four (4) months and one (1) day from the date of issuance.
ON BEHALF OF THE BOARD
“Signed”
Brandon Bonifacio, President & CEO
For further information, please contact Brandon Bonifacio at [email protected], call 604-337-
5033, or visit our website at www.nev-gold.com.
About the Company
NevGold is an exploration and development company targeting large-scale mineral systems in the proven
districts of Nevada and Idaho. NevGold owns a 100% interest in the Limousine Butte and Cedar Wash gold
projects in Nevada, and has an option to acquire 100% of the Nutmeg Mountain gold project in Idaho.
Please follow @NevGoldCorp on Twitter, Facebook, LinkedIn, Instagram, and YouTube.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Note Regarding Forward Looking Statements
This news release contains forward-looking statements that are based on the Company’s curr ent expectations and
estimates. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”,
“intend”, “believe”, “anticipate”, “estimate”, “suggest”, “indicate” and other similar words or statements that
certain events or conditions “may” or “wil l” occur. Forward-looking statements in this press release include
statements regarding the completion of the Shares-for-Debt Transaction and the timing thereof. Such forward-looking
statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results
to differ materially from estimated or anticipated events or results implied or expressed in such forward -looking
statements. Such uncertainties and risks include, among others, delays or inability to complete the Shares -for-Debt
Transaction and the inability to obtain TSX Venture Exchange approval. Any forward-looking statement speaks only
as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims
any intent or obligation to update any forward-looking statement, whether as a result of new information, future events
or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue
reliance should not be put on such statements due to the inherent uncertainty therein.