Nevada Sunrise Announces Private Placement
Nevada Sunrise Announces Private Placement
/NOT FOR DISSEMINATION IN
THE UNITED STATES
OR TO
UNITED STATES
NEWSWIRE
SERVICES/
TSX Venture Exchange: NEV
VANCOUVER
,
Oct. 15, 2018
/CNW/ - Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the
"Company") (TSXV: NEV) announced today a private placement (the "Offering") of up to
$150,000
,
consisting of 3,000,000 units (the "Units") at a price of
$0.05
per Unit, each Unit consisting of one
common share of the Company and one common share purchase warrant (a "Warrant"). Each
Warrant will entitle the holder to purchase one common share at a price of
$0.10
for a period
expiring two years following the closing date of the Offering.
Finder's fees may be payable to parties at arm's length to Nevada Sunrise that have introduced the
Company to certain subscribers participating in the Offering. Proceeds of the Offering will be used
for exploration expenses on the Company's
Nevada
properties, and for general working capital. The
Offering is subject to acceptance of the TSX Venture Exchange.
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, cobalt, copper and lithium exploration projects
in the
State of Nevada, USA
.
The Company's two key gold assets include a 100% interest in the Golden Arrow project near
Tonopah
, currently the subject of an imminent transaction with Emgold Mining Corporation (TSXV:
EMR), and a 21% interest in a joint venture at Kinsley Mountain with Liberty Gold Inc. (TSX: LGD)
near
Wendover
, with each of the properties subject to certain production royalties.
Nevada Sunrise has an option to earn a 100% interest in the historic Lovelock Cobalt Mine and
Treasure Box copper properties, located approximately 100 miles (150 kilometers) east of
Reno
,
which are currently the subject of a proposed transaction with Global Energy Metals Corp. (TSXV:
GEMC). In
March 2018
, the Company announced an option to earn a 100% interest in historic
Boyer Mine copper property, located adjacent to the Treasure Box claims. In
September 2018
, the
Company acquired the right to earn a 100% interest in the Coronado VMS Project, located in
Pershing County
, approximately 30 miles (48 kilometers) southeast of
Winnemucca
.
Nevada Sunrise owns 100% interests in the Neptune,
Jackson Wash
and Aquarius lithium projects, a
50% interest in the Gemini lithium project (Eureka Resources Inc. (TSXV: EUK) holds a 50%
interest), and a 100% interest in the Atlantis lithium project, currently under option to American
Lithium Corp(TSXV: LI), all of which are located in
Esmeralda County
.
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 18:16e 15-OCT-18