NV Gold Completes Second Tranche Of Unit Financing
Vancouver, British Columbia – NV Gold Corporation (TSX-V: NVX) (the “Company”) is pleased to announce that it has completed the second and final tranche of its non-brokered private placement (the “Private Placement”) of Units originally announced on February 11, 2011. The second tranche consisted of 3,333,334 units (the “Units”) at CDN$0.30 per Unit, for gross proceeds of CDN$1,000,000. Each Unit consists of one common share of the Company and one-half of one non-transferable common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the Company at CDN$0.40 until November 9, 2012.
The securities issued under the second tranche of the Private Placement are subject to a four-month hold period expiring on September 10, 2011.
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:
Investor Relations: Leo Karabelas, Tel: (416) 543-3120 Email: firstname.lastname@example.org