Dennis Higgs Acquires Common Shares of Nevada Exploration Inc.
Dennis Higgs Acquires Common Shares of Nevada Exploration Inc.
Not for distribution to U.S. newswire services or for dissemination in the United States.
July 11, 2017, VANCOUVER, BRITISH COLUMBIA – Dennis Higgs (“Offeror”) announces that on July 11,
2017, Offeror acquired an aggregate of 450,000 common shares (the “Shares”) of Nevada Exploration
Inc. (the "Issuer") through the exercise of 450,000 common share purchase warrants at a price of $0.10
per share, for aggregate consideration in the amount of $45,000 (the “Transaction”).
Offeror’s early warning report dated August 31, 2015 reported that the Offeror had beneficial
ownership and control over 4,000,000 common shares, representing approximately 13.3% of the issued
and outstanding common shares of the Issuer as of such date and 4,000,000 common share purchase
warrants of the Issuer, representing approximately 23.52% of the partially diluted issued and
outstanding common shares of the Issuer as of such date. Following the completion of the Transaction,
the Offeror has beneficial ownership and control of an aggregate of 6,721,054 common shares of the
Issuer, or approximately 13.85% of the Issuer’s issued and outstanding common shares as of the date of
this news release, and an aggregate of 2,515,011 common share purchase warrants and options of the
Issuer, or approximately 18.10% of the partially diluted issued and outstanding common shares as of the
date of this news release, which represents a decrease of approximately 5.42% since the date of the
Offeror’s last early warning report.
The Shares were issued from the treasury of the Issuer. The common shares of the Issuer are listed on
the TSX Venture Exchange and trade under the symbol "NGE".
The common shares of the Issuer acquired by Offeror are held for investment purposes. Offeror will
review its investment in the Issuer’s common shares o n a continuing basis and such holdings may be
increased or decreased in the future. Offeror may in the future acquire or dispose of common shares of
the Issuer, through the open market, privately or otherwise, as circumstances or market conditions
dictate.
Offeror has filed an early warning report pursuant to National Instrument 62 -103 – The Early Warning
System and Related Take -Over Bid and Insider Reporting Issues describing the above transactions with
applicable securities regulatory authorities, a copy of which is available on SEDAR at www.sedar.com.
The Issuer’s head office is located at 885 West Georgia Stree t, Suite 1500, Vancouver, British Columbia
V6C 3E8.
For further information or for a copy of the early warning report, please contact:
Dennis Higgs
800 West Pender Street
Suite 1410
Vancouver, BC V6C 2V6
Telephone: (604) 601 2006