Vancouver, British Columbia – NV Gold Corporation (TSX-V: NVX) (the “Company”) announced today a non-brokered private placement for gross proceeds of up to $600,000 (the “Placement”).
The Placement is an offering of up to 4,000,000 units (the “Units) at $0.15 per Unit. Each Unit consists of one Share and one-half of one Warrant exercisable at CDN$0.25 per share for eighteen months from issue of the Units. Funds from this placement are budgeted for the planned drilling programs at the Company’s Rattlesnake Hills Project, located in Natrona County, Wyoming and general corporate purposes.
The Company has identified two drill targets on the Rattlesnake Hills Project that are distal to the two known discoveries and the Company plans to drill both of them starting in August. The program is expected to take approximately two months.
The Placement is subject to the approval of the TSXV.
On behalf of the Board of Directors,
(sgd.) “John E. Watson”
President and CEO
For further information, visit the Company’s website at www.nvgoldcorp.com or contact:
John E. Watson,
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.