NV Gold Arranges CDN$3 Million Private Placement and Prepares for its Most Active Exploration Year on Record
580 Hornby Street, Suite 588
Vancouver, British Columbia, V6C 3B6
Tel: +1 888 363 9883
www.nvgoldcorp.com
“Not for Distribution to U.S. News Wire Services or for Dissemination in the U.S.”
NV Gold Arranges CDN$3 Million Private Placement and
Prepares for its Most Active Exploration Year on Record
May 05, 2021 - NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) (“NV Gold” or
the “Company”) is pleased to announce that the Company has arranged subscriptions
for a non -brokered private placement of units of the Company for gross proceeds of
CDN$3,000,000 (the “ Placement ”).
“I would like to welcome the large strategic lead orders from both new European and
North American investors alongside the continued strong support from our existing
investors , including Crescat Capital . With a commodities supercycle underway,
including positive sentiment in the gold sector, NV Gold is positioned extremely well
to participate with a very busy exploration year planned in Nevada in 2021 . We
appreciate the patience of our long term shareholders who are supportive in our
systematic and focused exploration strategy to make Nevada’s next big gold
discovery ,” commented Peter A. Ball, President and CEO of NV Gold.
The Placement arranged is up to 12,000,000 units (the “ Units”) at CDN$0.25 per Unit.
Each Unit will consist of one Share and one Warrant exercisable at CDN$0.40 per
share for 36 months 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 t he advancement of existing properties, potential acquisition
of new properties, and for general working capital. To minimize dilution, the
Placement will not exceed CDN$3 Million.
NV Gold’s President and CEO added , “The combination of our recent US$10
million option exploration agreement with Hochschild Mining (US) Inc. on our SW
Pipe Gold Project, our follow -up exploration programs at our Sandy and Slumber
Gold Projects after all assays are received and modelled, and key potential accretive
acquisition s of new drill ready gold projects currently under review provide
opportunit ies for a new discovery in Nevada . In addition, we continue to review other
projects within our extensive Nevada gold portfolio with strategic groups for
additional option agreements . With a strong treasury, a robust gold market, 100%
ownership of an extensive gold property portfolio in Nevada, a new strategic partner,
a globally recognized technical team , a focused high impact exploration plan for 2021,
and supportive shareholders, I couldn’t be more excited for the year ahead .”
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This news release does not constitute an offer to sell or a solicitation of an offer to buy
any of the securities in the United States. The securities have not been and will not be
registered under the United States Securities Act of 1933, as amended (the “U.S.
Securities Act”) or any state securities laws and may not be offered or sold within the
United States or to U.S. Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such registration is available.
About NV Gold Corporation
NV Gold ( TSXV: NVX ; OTCQB: NVGLF) is a well-financed exploration company
based in Vancouver, British Columbia that is focused on delivering value through mineral
discoveries in Nevada, USA , leveraging its highly experienced in -house technical
knowledge.
On behalf of the Board of Directors,
Peter A. Ball
President & CEO
For further information, visit the Company’s website at www.nvgoldcorp.com or
contact:
Peter A. Ball, President & CEO
Phone: 1 -888-363-9883
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Forward Looking Statements
This news release includes certain forward -looking statements or information. All statements other than statements of
historical fact included in this release, including, without limitation, statements regarding the Company’s planned
exploration activities, and the potential for a discovery at its properties are forward -looking statements that involve
various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actu al
results and future events could differ materially from those anticipated in such statements. Important factors that could
cause actual results to differ materially from the Company's plans or expectations include regulatory issues, market
prices, availability of capital and financing, general economic, market or business conditions, timeliness of government
or regulatory approvals, the extent to which mineralized structures extend on to the Company’s Projects and other risks
detailed herein and from time to time in the filings made by the Company with securities regulators. The Company
disclaims any intention or obligation to update or revise any forward -looking statements whether as a result of new
information, future events or otherwise, except as otherwise required by applicable securities legislation.