Vancouver, British Columbia – NV Gold Corporation (TSX-V: NVX) (the “Company”) announced today that it has closed the private placement (the “Placement”) originally announced April 3, 2014 for proceeds of $670,000.
The Placement was oversubscribed and the Company increased the offering to 6,700,000 units (the “Units) at $0.10 per Unit. Each Unit consists of one Share and one-half of one Warrant exercisable at CDN$0.20 per share until April 28, 2017. The expiry date of each Warrant is subject to acceleration such that, should the volume weighted average price of the common shares of the Company exceed CDN$0.30 for twenty consecutive trading days, the Company may notify the holder in writing that the Warrants will expire 20 trading days from receipt of such notice unless exercised by the holder before such date.
The Units and any shares of the Company issued on exercise of the Warrants forming part of the Units are subject to a hold period expiring on August 29, 2014.
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.