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
,
May 15, 2019
/CNW/ - Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the
"Company") (TSXV: NEV) announced today a private placement (the "Offering") of up to
$300,000
,
consisting of 6,000,000 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
located in the
State of Nevada, USA
.
The Company's key gold asset is a 21% interest in a joint venture with Liberty Gold Inc. (TSX: LGD)
at the Kinsley Mountain Project ("Kinsley Mountain") near
Wendover
, with the property subject to a
3.0% net smelter returns royalty. For further information on
Kinsley Mountain
, including a technical
report compliant with NI 43-101 Standards of Disclosure for Mineral Projects entitled "Updated
Technical Report and Estimated Minerals Resources for the Kinsley Project" (the "Report"), effective
October 15, 2015
. The Report dated
December 16, 2015
was subsequently filed on SEDAR and
can be accessed at
http://www.sedar.com
Nevada Sunrise has the right to earn a 100% interest in the historic Lovelock Cobalt Mine and
Treasure Box
copper properties, 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 Neptune,
Jackson Wash
and Aquarius lithium projects, a
50% interest in the Gemini lithium project (Kore Mining Ltd., (TSXV: KORE) holds a 50% interest),
and a 100% interest in the Atlantis lithium project, all of which are located in
Esmeralda County
. The
Company also has the right to earn a 100% interest in
Nevada
water right Permit 44411, which is
currently the subject of an administrative hearing process in
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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%SEDAR: 00026824E
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 08:30e 15-MAY-19