Nv GOLD Announces Increase IN Private Placement to CDN$1,382,500 and Grants Stock Options
NV GOLD CORPORATION
Suite 588, 580 Hornby Street
Vancouver, BC,
Canada V6C 3B6
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE U.S.
June 27, 2017 Trading Symbol: NVX
NV GOLD ANNOUNCES INCREASE IN PRIVATE PLACEMENT TO CDN$1,382,500
AND GRANTS STOCK OPTIONS
Vancouver, British Columbia – NV Gold Corporation (TSX.V: NVX) (the “Company”) announced
today that it is increasing its non-brokered private placement of units of the Company originally
announced on June 20, 2017 due to over -subscriptions. The Company now proposes to raise gross
proceeds of a maximum of CDN$1,382,500 (the “Placement”).
The Placement is now an offering of up to 3,950,000 units (the “Units ”) at CDN$0.35 per Unit. Each
Unit consists of one Share and one-half of one Warrant exercisable at CDN$0.50 per share for two years
from issue of the Units . The expiry date of each whole Warrant is subject to acceleration such that,
should the volume weighted average price of the common shares of the Company exceed CDN$ 1.00 for
ten consecutive trading days, the Company may notify the holder in writing that the Warrants will expire
20 trading days from receipt of such notice unless exercised by the holder before such date.
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 the acquisition and advancement of new properties and
existing properties of the Company and for general working capital.
The Company has also granted incentive stock options to directors and officers under its Stock Option
Plan which entitle them to purchase an aggregate of up to 725,000 common shares of the Company. The
stock options are exercisable on or before June 26, 2022 at a price of $0.39 per share.
About NV Gold Corporation
NV Gold is junior exploration company based in Vancouver, British Columbia that is focused on
delivering value through mineral discoveries utilizing the prospector generator model. Leveraging its
highly experienced in -house technical knowledge, NV Gold’s g eological team intends to use its
geological database, which contains a vast treasury of field knowledge spanning decades of research and
exploration, combined with a portfolio of mineral properties in Nevada, to create opportunities for lease
or joint venture. NV Gold plans to aggressively acquire additional land positions for the growth of its
business.
On behalf of the Board of Directors,
(sgd.) "John E. Watson"
President and CEO
For further information, visit the Company’s website at www.nvgoldcorp.com or contact:
John E. Watson,
Phone: 303.674.9400
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 infor mation. All statements other than statements
of historical fact included in this release, including, without limitation, statements regarding the proposed raising of
up to CDN$1,382,500 and the proposed uses of such funds , the potential to create opportunities for lease or joint
venture and other future plans and objectives of the Company, including exploration plans, are forward -looking
statements that involve various risks and uncertainties. There can be no assurance that such statements will pr ove to
be accurate and actual 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 and other risks detailed herein and from time to time in
the filings made by the Company with secu rities 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.