Nevada Sunrise Announces Application to Amend Warrants Term
Nevada Sunrise Announces Application to
Amend Warrants Term
TSXV: NEV
VANCOUVER
,
May 29, 2020
/CNW/ - Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the
"Company") (TSXV: NEV) plans to make an application to the TSX Venture Exchange (the "TSXV")
to amend the term of an aggregate of 2,450,000 outstanding share purchase warrants, (the
"Warrants") which were issued in connection with a non-brokered private placement (see Nevada
Sunrise news release regarding the private placement dated
June 16, 2016
).
The Company is seeking to extend the term of the Warrants for an additional year, which would
extend the expiry date to
June 16, 2021
. The exercise price of the Warrants will remain unchanged,
at
$0.25
per Warrant. The application to extend the expiry date of the Warrants is subject to
acceptance by the TSXV.
The Warrants were previously amended in
May 2018
, which had extended the term until
June 16,
2020
, and reduced the exercise price from
$0.32
to
$0.25
.
About Nevada Sunrise
Nevada Sunrise is a junior mineral exploration company with a strong technical team based in
Vancouver, BC
,
Canada
, that holds interests in gold, copper, cobalt and lithium exploration projects
located in the
State of Nevada, USA
.
The Company's key gold asset is a 20% interest in a joint venture with Liberty Gold Inc. (TSX: LGD)
at the Kinsley Mountain Gold Project near
Wendover
, with the property subject to a 3.0% net
smelter returns royalty.
Nevada Sunrise has the right to earn a 100% interest in the historic Lovelock Cobalt Mine and
Treasure Box
copper property, each located approximately 150 kilometers (100 miles) east of
Reno
, both of which are currently under option to Global Energy Metals Corp. (TSXV: GEMC) who
can earn up to an 85% participating interest from the Company. In
September 2018
, Nevada
Sunrise acquired the right to earn a 100% interest in the Coronado VMS Project, located in
Pershing
County
, approximately 48 kilometers (30 miles) southeast of
Winnemucca
.
Nevada Sunrise owns 100% interests in the Jackson Wash and Gemini lithium projects, both of
which are located in
Esmeralda County
. The Company owns Nevada water right Permit 44411,
located within the Clayton Valley basin near Silver Peak,
Nevada
.
FORWARD LOOKING STATEMENTS
This release may contain forward
looking statements. Forward looking statements are statements
that are not historical facts and are generally, but not always, identified by the words "expects",
"plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar
expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although
the Company believes the expectations expressed in such forward
looking statements are based
on reasonable assumptions, such statements are not guarantees of future performance and actual
results may differ materially from those in forward looking statements. Forward
looking statements
are based on the beliefs, estimates and opinions of the Company's management on the date such
statements were made. The Company expressly disclaims any intention or obligation to update or
revise any forward
looking statements whether as a result of new information, future events or
otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of
accuracy of this release. The Securities of Nevada Sunrise Gold Corporation have not been
registered under the United States Securities Act of 1933, as amended, and may not be
offered or sold within
the United States
or to the account or benefit of any U.S. person.
SOURCE
Nevada Sunrise Gold Corporation
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For further information:
Warren Stanyer, President and Chief Executive Officer, Telephone: (604)
428-8028, Facsimile: (604) 684-9365, Email: [email protected]
CO: Nevada Sunrise Gold Corporation
CNW 13:14e 29-MAY-20