NV Gold Arranges Private Placement of Up to CDN$3,000,000 “
580 Hornby Street, Suite 588
Vancouver, British Columbia, V6C 3B6
Tel: +1 888 363 9883
www.nvgoldcorp.com
NV Gold Arranges Private Placement of Up to CDN$3,000,000
“Not for Distribution to the U.S. News Wire Services or for Dissemination in the U.S.”
August 4, 2020 - Vancouver, British Columbia – NV Gold Corporation (TSX.V: NVX;
US: 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 in excess of CDN$2,500,000 and may accept subscriptions for up to
CDN$3,000,000 (the “Placement”).
“We are excited about our upcoming fall exploration programs, both in Nevada at our
Sandy and Slumber Gold Projects, and at the optioned high-grade Exodus Gold
Project in British Columbia ,” commented Peter A. Ball, President and CEO of NV
Gold. “NV Gold continues to receive significant interest from multiple new invest ors
related to the upcoming exploration program at the Exodus Gold Project , and also our
plans for a busy fall season in Nevada. With our existing cash balance, and the funds from
this financing, NV Gold will be funded for our planned activities well into 2021 . In
addition, NV Gold has outstanding in-the-money share purchase warrants, that could yield
proceeds if exercised of approximately CDN$1.8 million. NV Gold, being armed with a
strong treasury and very prospective and drill -ready gold projects , is well positioned to
benefit from the strong gold market as it continues to move towards US D$2,000/oz, or
beyond."
The Placement is an offering of up to 9,375,000 units (the “Units”) at CDN$0.32 per Unit.
Each Unit consists of one share and one-half of one share purchase warrant exercisable at
CDN$0.40 per share for 24 months from issue of the Units. A finder’s fee is payable on
subscriptions by certain subscriber s of 7% of the cash proceeds paid by such subscribers
and warrants to purchase 7% of the number shares issuable to such subscribers in respect
of their subscriptions for 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 the a dvancement of existing
properties, potential a cquisition of new properties, and for general working capital. All
securities issued under the placements will be subject to a four month hold period from the
date of issue in accordance with applicable securities laws.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any
of the Units in the United States. The Units 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, US: NVGLF) is a junior exploration company based in
Vancouver, British Columbia that is focused on delivering value through mineral
discoveries in North America, leveraging its highly experienced in -house technical
knowledge, and identifying and drilling 2 -3 priority projects per year. NV Gold controls
multiple drill-ready projects in Nevada, and has en tered into an Option Agreement on the
high-grade Exodus Gold Project in British Columbia, Canada.
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 i ncludes certain forward -looking statements or information. All statements other than
statements of historical fact included in this release, including, without limitation, statements regarding the
proposed raising of up to CDN$3,000,000, the Company’s plan ned exploration activities and the other
proposed uses of such funds and other future plans and objectives of the Company, are forward -looking
statements that involve various risks and uncertainties. There can be no assurance that such statements will
prove 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 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.