NV Gold Secures $30,000 through Warrant Exercise
NV Gold Secures $30,000 through Warrant Exercise
VANCOUVER, BC / ACCESSWIRE / March 25, 2025 / NV Gold Corporation (TSXV:NVX)
(OTCQB:NVGLF) (FSE:8NV) (“ NV Gold” or the “ Company”) announces that John Watson,
President, Chairman, CEO and a director of the Company, has increased his equity position in
the Company pursuant to the exercise of 100,000 common share purchase warrants (the
“Warrants”) at a price of $0.30 per Warrant, resulting in total proceeds of $30,000.
Prior to exercising the Warrants, Mr. Watson beneficially owned and controlled an aggregate
of 1,940,543 common shares, 97,500 stock options and 1,125,000 common share purchase
warrants, representing approximately 19.45% of the Company’s issued and outstan ding
common shares (28.25% on a partially diluted basis, assuming conversion of Mr. Watson’s
stock options and warrants into common shares). Following the Warrant exercise, Mr. Watson
beneficially owns and controls an aggregate of 2,040,543 common shares, 97,500 stock
options and 1,025,000 common share purchase warrants, representing approximately 20.25%
of the Company’s issued and outstanding common shares (28.25% on a partially diluted basis,
assuming conversion of Mr. Watson’s stock options and warrants into common shares). Mr.
Watson is now a "Control Person" of the Company (as such term is defined in the policies of
the TSX Venture Exchange (the “ Exchange”)) and the Company obtained disinterested
shareholder approval under the policies of the Exchange with respect to Mr. Watson becoming
a “Control Person” at the Company’s annual general meeting held on January 23, 2025.
About NV Gold Corporation
NV Gold Corporation is a well -organized exploration company with ~10 million shares issued
and Outstanding. NV Gold has 21 exploration projects in Nevada comprising 639 100% -
Company-owned lode mining claims totaling 53.4 square kilometers (20.6 square miles) The
Company is based in Vancouver, British Columbia, and Reno, Nevada and is focused on
delivering value through mineral discoveries in Nevada, USA. Leveraging its expansive
property portfolio, its highly experienced in-house technical team, and its extensive geological
data library, 2025 promises to be highly productive for NV Gold.
On behalf of the Board of Directors,
John Watson, President, Chairman, CEO and Director
For further information, visit the Company’s website at www.nvgoldcorp.com or contact.
Freeform Communications at 604.245.0054
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
750 West Pender Street, Suite 250
Vancouver, British Columbia, V6C 2T7
Tel: +1 303.668.7991
www.nvgoldcorp.com