NV GOLD CORP - NVGLF STOCK NEWS

NV Gold (NVGLF) has announced alternative arrangements for accessing and voting on Annual General Meeting (AGM) materials due to the ongoing Canada Post labour strike. The AGM is scheduled for January 23, 2025, with voting deadlines set for January 21, 2025, at 4:00 p.m.

Shareholders can access meeting materials through SEDAR+ and the company's website, including the notice of meeting, management information circular, and audited financial statements for August 31, 2024. Registered shareholders can request materials via Odyssey Trust Company, while beneficial shareholders should contact their brokers directly for voting instructions.

NV Gold (TSXV:NVX)(OTCQB:NVGLF) has closed the first tranche of its non-brokered private placement, issuing 1,000,000 units at $0.20 per unit for gross proceeds of $200,000. Each unit includes one common share and one warrant exercisable at $0.30 for 24 months. The company plans to use the funds for property payments, exploration in Nevada, and general expenses. John Watson, the company's President, CEO, and director, purchased all 1,000,000 units, increasing his ownership to 19.45% of outstanding shares (undiluted) and 28.25% on a partially diluted basis. This transaction is considered a related party transaction under MI 61-101, with the company relying on exemptions from valuation and minority shareholder approval requirements.

NV Gold (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) has announced a non-brokered private placement to raise up to $500,000. The offering consists of 2,000,000 units priced at $0.20 per unit. Each unit includes one common share and one warrant, exercisable at $0.30 for two years. The warrants have an acceleration clause if the stock closes at $0.45 for 10 consecutive trading days. The company may pay finder's fees and close in multiple tranches. Proceeds will be used to advance exploration of Nevada properties and for general expenses. The private placement is subject to regulatory approvals and securities will have a four-month hold period.

NV Gold (TSXV:NVX) has completed a technical analysis of its 100% owned Oasis gold and copper project in Nevada. The project, located in the Walker Lane belt, shows characteristics of both a porphyry system and a high sulfidation epithermal setting. Historic shallow drilling data is unavailable, but Centerra Gold's 2010-2011 program of 27 RC holes forms the basis of this report.

The exploration target contains an estimated 17 to 19 million tons, with grades ranging from 0.25 to 0.425 g/t gold. The target includes 54 mineralized zones across a 1.2 km east-west trend and 0.5 km wide area. While there's insufficient drilling density for an Inferred Resource calculation, the project shows potential for both near-surface gold and deeper copper mineralization.

NV Gold (TSXV:NVX)(OTCQB:NVGLF) has announced an extension of two secured loans, totaling US$200,000, issued by CEO John Watson. The loans, initially due one year from issuance or upon demand, now mature on July 10, 2025, or earlier if repayment is demanded. These loans are secured by a share pledge agreement involving NV Gold's US subsidiary. The transaction classifies as a 'related party transaction' under Multilateral Instrument 61-101 but is exempt from valuation and minority shareholder approval requirements, as it doesn't exceed 25% of the Company's market capitalization and is on reasonable terms. The announcement was expedited for business reasons.

NV Gold has amended its lease agreement for the Triple T property in Pershing County, Nevada.

As part of the amendment, NV Gold will issue 100,000 common shares at C$0.30 per share to cover an annual payment of US$30,000.

This issuance is subject to TSX Venture Exchange approval and will have a statutory hold period of four months.

NV Gold 's press release highlights strong surface samples at the Root Spring Project in Nevada, with impressive gold, silver, and copper values. The Company plans to reassess the Property for potential expansion based on these findings.

NV Gold announces secured loan terms with John Watson, issuing a $50,000 Secured Loan and a share pledge agreement securing $400,000 in total loans. The loans bear 12% interest and have specific maturity dates. The company pledges all common shares of NV Gold USA as security. The transactions are related party transactions under MI 61-101, with exemptions applied. Additionally, the company granted 420,000 stock options at $0.29 per share for five years.

NV Gold Corporation announces a consolidation of its common shares on a 1:10 basis, reducing the outstanding shares from 88,745,454 to approximately 8,874,545, effective February 28, 2024. Shareholders do not need to take any action if their shares are held through a broker. Letters of transmittal will be sent to registered shareholders for the exchange of pre-consolidated shares.