Nevada Exploration Closes Financing
Nevada Exploration Closes Financing
VANCOUVER, British Columbia, Jan. 14, 2019 -- Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V: NGE; OTCQB:
NVDEF) is pleased to announce that it has closed the previously announced private placement offering (the “Offering”),
pursuant to which it has issued 2,632,000 units (the “Units”) at a price of $0.25 per Unit, for gross proceeds of $658,000, an
increase of 632,000 Units from the 2,000,000 Units contemplated in the news release dated January 8, 2019. Proceeds from
the Offering will be used to continue core drilling at the Company’s South Grass Valley Project and for general working capital.
Each Unit consists of one common share in the capital of the Company (a “Common Share”) and one-half of one Common
Share purchase warrant (a “Warrant”), with each whole Warrant entitling the holder to acquire an additional Common Share at
an exercise price of $0.45 per Common Share for 30 months. If the closing price of the common shares of NGE quoted on the
TSX Venture Exchange is greater than $0.80 for 10 consecutive trading days, NGE may accelerate the expiry date of the
Warrants to the 30th day after the date on which NGE gives notice to the Warrant holders of such acceleration. All securities
issued are subject to a four month plus one day hold period expiring May 15, 2019. In connection with the Offering, the
Company paid finders’ fees totalling 71,890 Units.
Upcoming Events
NGE is pleased to welcome its stakeholders to visit with its team at the following upcoming events:
VANCOUVER RESOURCES INVESTMENT CONFERENCE (Vancouver)
Sunday and Monday, January 20th and 21st, 2019
https://cambridgehouse.com/e/vancouver-resource-investment-conference-2019-76
NGE Kickoff Breakfast Event: https://investor.nevadaexploration.com/vric/
Corporate Presentation: Monday, January 21st (Workshop 6) 2:10 - 2:20 pm
BOOTH: 719
PDAC (Toronto)
Sunday to Wednesday, March 3rd to 6th, 2019
https://www.pdac.ca/convention
About Nevada Exploration Inc.
NGE is an exploration company advancing a portfolio of new district-scale gold exploration projects along Nevada’s Battle
Mountain-Eureka (Cortez) Trend. NGE is led by an experienced management team that has been involved in several
significant discoveries in Nevada, including the discovery of Lone Tree and Rabbit Creek (part of the Twin Creeks Mine).
NGE’s team has spent the last decade integrating the use of hydrogeochemistry with conventional exploration tools to develop
a Nevada-specific regional-scale geochemistry exploration program.
With new proprietary technology, NGE has completed the world’s largest groundwater sampling program for gold exploration,
collecting approximately 6,000 samples to evaluate Nevada’s covered basins for new gold exploration targets. To advance
follow-up targets, NGE has overcome the high drilling costs that have previously prohibited the wide-spread use of drilling as a
prospecting tool by developing its Scorpion drill rig, a small-footprint, truck-mounted, small-diameter RC drill rig specifically
tailored to the drilling conditions in Nevada’s basins (analogous to RAB drilling in other parts of the world).
By integrating hydrogeochemistry and early-stage low-cost drilling with conventional exploration methods, NGE is overcoming
the challenges and radically reducing the costs of exploring in Nevada’s covered basins, and is taking significant steps to open
this important new search space up for district-scale exploration.
For further information, please contact:
Nevada Exploration Inc.
Email: [email protected]
Telephone: +1 (604) 601 2006
Website: www.nevadaexploration.com
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 release.
Cautionary Statement on Forward-Looking Information:
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking
information”) within the meaning of applicable securities laws, including, without limitation, expectations, beliefs, plans, and
objectives regarding projects, potential transactions, and ventures discussed in this release.
In connection with the forward-looking information contained in this news release, the Company has made numerous
assumptions, regarding, among other things, the assumption the Company will continue as a going concern and will continue
to be able to access the capital required to advance its projects and continue operations. While the Company considers these
assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.
In addition, there are known and unknown risk factors which could cause the Company’s actual results, performance or
achievements to be materially different from any future results, performance or achievements expressed or implied by the
forward-looking information contained herein. Among the important factors that could cause actual results to differ materially
from those indicated by such forward-looking statements are the risks inherent in mineral exploration, the need to obtain
additional financing, environmental permits, the availability of needed personnel and equipment for exploration and
development, fluctuations in the price of minerals, and general economic conditions.
A more complete discussion of the risks and uncertainties facing the Company is disclosed in the Company’s continuous
disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is
qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such
forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information
contained herein to reflect future results, events or developments, except as required by law.
United States Advisory:
The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as
amended (the “U.S. Securities Act”), have been offered and sold outside the United States to eligible investors pursuant to
Regulation S promulgated under the U.S. Securities Act, and may not be offered, sold, or resold in the United States or to, or
for the account of or benefit of, a U.S. Person (as such term is defined in Regulation S under the United States Securities
Act) unless the securities are registered under the U.S. Securities Act, or an exemption from the registration requirements of
the U.S. Securities Act is available. Hedging transactions involving the securities must not be conducted unless in
accordance with the U.S. Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to
buy any securities, nor shall there be any sale of securities in the state in the United States in which such offer, solicitation or
sale would be unlawful.