NV Gold Receives $556,900 from Warrant Exercises

Rhea-AI Summary

NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) has successfully raised $556,900 through the exercise of warrants from previous private placements, involving the issuance of 2,759,500 shares. Following this, the company's treasury nears $5 million, bolstering its plans for an aggressive multi-project drill program over the next 12 months. CEO Peter A. Ball expressed gratitude to shareholders and highlighted the company's intent to expand its Nevada project portfolio, aiming for significant gold discoveries in 2021, marking it as the company's most active exploration year.

Positive

• Raised $556,900 from warrant exercises.
• Treasury approaching $5 million.
• Plans for an aggressive multi-project drill program.
• Focus on significant gold discoveries in 2021.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / June 11, 2021 / NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") is pleased to announce that it has received proceeds of $556,900 from the recent and ongoing exercises of warrants issued in its previous private placements. The warrants were originally issued on March 27, 2019 and August 21, 2020 and NV Gold will issue 2,759,500 shares in connection with these warrant exercises.

"On behalf of NV Gold, I would like to thank our loyal shareholders for their support and early exercise of warrants. On the back of a recently completed financing, our treasury is now approaching $5,000,000, which further supports our dynamic and aggressive multi-project drill programs over the next 12 months," commented Peter A. Ball, President and CEO of NV Gold. "Once we complete the accretive expansion and development of our Nevada project portfolio, I look forward to discussing in more detail our systematic 2021 exploration program, which is focused on delivering a gold discovery for our shareholders."

About NV Gold Corporation

NV Gold (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) is a well-financed exploration company with ~77 million shares issued, close to $5.0M in its treasury and no debt. 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, 2021 will be NV Gold's busiest exploration year in its corporate history.

On behalf of the Board of Directors,
Peter A. Ball
President & CEO

For further information, visit 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, the potential for a discovery at its properties, and acquisition of new gold projects 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, the extent to which mineralized structures extend on to the Company's Projects 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/651379/NV-Gold-Receives-556900-from-Warrant-Exercises

FAQ

What amount did NV Gold raise from warrant exercises?

NV Gold raised $556,900 from the exercise of warrants.

How many shares will NV Gold issue related to warrant exercises?

NV Gold will issue 2,759,500 shares in connection with the warrant exercises.

What is NV Gold's treasury amount after recent financing?

NV Gold's treasury is now approaching $5 million.

What is NV Gold's focus for its exploration program in 2021?

In 2021, NV Gold is focused on delivering significant gold discoveries through an aggressive exploration program.