Vancouver, British Columbia – NV Gold Corporation (TSX-V: NVX) (the “Company”) announced today that it has completed the debt resolution transaction with its President and CEO originally announced on June 14, 2016. The Company has issued 1,580,592 common shares of the Company at a deemed price of C$0.065 per share in settlement of C$102,738.53 in debts of the Company and the balance of the C$308,188.80 owing to Mr. Watson has been forgiven. The shares issued under the debt resolution transaction are subject to a hold period expiring on October 17, 2016.
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.