Nv GOLD Closes Oversubscribed Private Placement
580 Hornby Street, Suite 588
Vancouver, British Columbia, V6C 3B6
Tel: +1 888 363 9883
www.nvgoldcorp.com
NV GOLD CLOSES OVERSUBSCRIBED PRIVATE PLACEMENT
March 28, 2019 - Vancouver, British Columbia – NV Gold Corporation (TSX.V: NVX;
OTC Pink: NVGLF) (“ NV Gold” or the “ Company”) is pleased to announce that it has
closed its non-brokered private p lacement (see news releases da ted March 19th, 2019,
March 21, 2019 and March 22, 2019) of $1,060,224 (the “Placement”).
“We are pleased to complete a quick and oversubscribed private placement, and also
see our management and board members purchase approximately 27% of the
financing. We are also excited to highlight our exploration plans in the next couple of
weeks, get boots on the ground soon after, and have the drill rigs turning before
summer,” commented Peter A. Ball, President and COO of NV Gold.
The Company sold 8,835,199 units (the “Units”) at CDN$0.12 per Unit. Each Unit consists
of one Share and one-half of one Warrant, each whole Warrant ex ercisable to acquire one
common share at CDN$0.20 per share until September 27, 2021.
Management and Directors of NV Gold purchased 2,353,500 or almost 27% of the private
placement.
The proceeds of the Placement will be used by the Company for t he advancement of
existing properties, potential acquisition new properties, and for general working capital.
The Company paid finder’s fees t otaling CDN$39,060 and issued 3 25,500 finder’s
warrants in respect of subscriptions under the private placemen t. Each finder’s warrant
is exercisable to acquire one common share at CDN$0.20 per shar e until September 27,
2021.
The common shares forming part of the Units and any shares issued upon exercise of the Warrants
or the finder’s warrants are subject to a hold period which expires on July 28, 2019.
About NV Gold Corporation
NV Gold is a junior exploration company based in Vancouver, Bri tish Columbia that is
focused on delivering value through mineral discoveries. Levera ging its highly
experienced in-house technical kno wledge, NV Gold’s geological team intends to utilize
its geological databases, which contains a vast treasury of fie ld knowledge spanning
decades of research and exploration, combined with a portfolio of mineral properties in
Nevada, to prioritize key projects for focused exploration programs.
On behalf of the Board of Directors,
Peter A. Ball
President and COO
For further information, visit the Company’s website at www.nvgoldcorp.com o r
contact:
Peter A. Ball, President & COO
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
proposed uses of such funds 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 prove to be accurate and actual re sults 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.