NV Gold Issues Stock Options

Rhea-AI Summary

NV Gold Corporation (TSXV: NVX, OTC PINK: NVGLF) announced the grant of incentive stock options for a total of 1,000,000 common shares at an exercise price of $0.40, a 43% premium over the October 8, 2020 closing price. The options expire on October 8, 2025, pending TSX Venture Exchange acceptance. Additionally, the company is finalizing drill programs for its Sandy, Slumber, and Exodus Gold Projects in the upcoming Fall of 2020. NV Gold focuses on mineral discoveries in North America and aims to identify and drill 2-3 priority projects each year.

Positive

• Grant of 1,000,000 stock options could align management's interests with shareholder wealth.
• Stock options priced at a 43% premium to the closing share price indicate confidence in the company's value.
• Plans for drill programs at multiple projects could enhance resource discovery and company valuation.

Negative

• Granting stock options may dilute existing shareholders' equity if exercised.
• Forward-looking statements regarding exploration could result in uncertainties and risks impacting future performance.

VANCOUVER, BC / ACCESSWIRE / October 9, 2020 / NV Gold Corporation (TSXV:NVX)(OTC PINK:NVGLF) ("NV Gold" or the "Company") announces that it has granted incentive stock options to officers, directors and consultants under its Stock Option Plan entitling them to purchase an aggregate of up to 1,000,000 common shares of the Company. The stock options are exercisable on or before October 8^th, 2025 at a price of $0.40 per share, subject to TSX Venture Exchange acceptance.

The option pricing represents an approximate 43% premium to the Company's closing share price on October 8^th, 2020. Of note, Board members are not paid Board Fees.

NV Gold is currently finalizing plans for drill programs at its Sandy and Slumber Gold Projects in Nevada, USA, and the optioned Exodus Gold Project in British Columbia, Canada during the Fall of 2020. For additional information please review our corporate presentation at : https://www.nvgoldcorp.com/investors/presentation/.

About NV Gold Corporation

NV Gold (TSXV: NVX, US: NVGLF) is a well-financed junior exploration company based in Vancouver, British Columbia that is focused on delivering value through mineral discoveries in North America, leveraging its highly experienced in-house technical knowledge, and identifying and drilling 2-3 priority projects per year. NV Gold controls multiple drill-ready projects in Nevada, and has entered into an Option Agreement on the high-grade Exodus Gold Project in British Columbia, Canada.

On behalf of the Board of Directors,

Peter A. Ball
President & CEO

For further information, visit the Company's website at www.nvgoldcorp.com or contact:

Peter A. Ball, President & CEO
Phone: 1-888-363-9883
Email: peter@nvgoldcorp.com

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 Company's planned exploration activities, including executing a drill program at the Sandy, Slumber and Exodus Gold Projects in the Fall of 2020, 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 results 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.

SOURCE: NV Gold Corporation

View source version on accesswire.com:
https://www.accesswire.com/609855/NV-Gold-Issues-Stock-Options

FAQ

What stock options were granted by NV Gold on October 9, 2020?

NV Gold granted incentive stock options to purchase 1,000,000 common shares at $0.40 per share.

What is the expiration date for NV Gold's stock options?

The stock options expire on October 8, 2025.

How does the stock option price compare to NV Gold's closing price?

The options are priced at a 43% premium over the closing price on October 8, 2020.

What projects is NV Gold planning to drill in Fall 2020?

NV Gold is finalizing drill programs for the Sandy, Slumber, and Exodus Gold Projects.

What risks are associated with NV Gold's forward-looking statements?

Potential risks include regulatory issues, market prices, and availability of capital.