NV Gold Corporation Completes First Tranche of Unit Financing


NV Gold Corporation Completes First Tranche of Unit Financing
Friday, 4 Mar 2011 01:56pm EST
NV Gold Corporation announced that it has completed the first tranche of its non-brokered private placement (Private Placement) of Units originally announced on February 11, 2011. The Company has completed the sale of 2,264,000 units (Units) at CAD0.30 per Unit, for gross proceeds of CAD679,200. The Company has also received a subscription for a further 3,333,334 Units from one subscriber, the completion of which remains subject to final acceptance of the TSX Venture Exchange. 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 CAD0.40 for a period of eighteen months. The Company received greater interest in the Private Placement than was initially anticipated and, subject to completion of the sale of the Units to the final subscriber, the Private Placement will involve the sale of 597,334 more Units being issued than originally announced. The securities issued under the first tranche of the Private Placement are subject to a four-month hold period expiring on July 4, 2011. The Company has agreed to pay a finder's fee of $3,000 in connection with certain subscriptions under the Private Placement.

NV Gold Corporation Completes First Tranche of Unit Financing
Friday, 4 Mar 2011 01:56pm EST
NV Gold Corporation announced that it has completed the first tranche of its non-brokered private placement (Private Placement) of Units originally announced on February 11, 2011. The Company has completed the sale of 2,264,000 units (Units) at CAD0.30 per Unit, for gross proceeds of CAD679,200. The Company has also received a subscription for a further 3,333,334 Units from one subscriber, the completion of which remains subject to final acceptance of the TSX Venture Exchange. 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 CAD0.40 for a period of eighteen months. The Company received greater interest in the Private Placement than was initially anticipated and, subject to completion of the sale of the Units to the final subscriber, the Private Placement will involve the sale of 597,334 more Units being issued than originally announced. The securities issued under the first tranche of the Private Placement are subject to a four-month hold period expiring on July 4, 2011. The Company has agreed to pay a finder's fee of $3,000 in connection with certain subscriptions under the Private Placement.

NV Gold Corporation Completes First Tranche of Unit Financing
Friday, 4 Mar 2011 01:56pm EST
NV Gold Corporation announced that it has completed the first tranche of its non-brokered private placement (Private Placement) of Units originally announced on February 11, 2011. The Company has completed the sale of 2,264,000 units (Units) at CAD0.30 per Unit, for gross proceeds of CAD679,200. The Company has also received a subscription for a further 3,333,334 Units from one subscriber, the completion of which remains subject to final acceptance of the TSX Venture Exchange. 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 CAD0.40 for a period of eighteen months. The Company received greater interest in the Private Placement than was initially anticipated and, subject to completion of the sale of the Units to the final subscriber, the Private Placement will involve the sale of 597,334 more Units being issued than originally announced. The securities issued under the first tranche of the Private Placement are subject to a four-month hold period expiring on July 4, 2011. The Company has agreed to pay a finder's fee of $3,000 in connection with certain subscriptions under the Private Placement.

NV Gold Corporation Completes First Tranche of Unit Financing
Friday, 4 Mar 2011 01:56pm EST
NV Gold Corporation announced that it has completed the first tranche of its non-brokered private placement (Private Placement) of Units originally announced on February 11, 2011. The Company has completed the sale of 2,264,000 units (Units) at CAD0.30 per Unit, for gross proceeds of CAD679,200. The Company has also received a subscription for a further 3,333,334 Units from one subscriber, the completion of which remains subject to final acceptance of the TSX Venture Exchange. 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 CAD0.40 for a period of eighteen months. The Company received greater interest in the Private Placement than was initially anticipated and, subject to completion of the sale of the Units to the final subscriber, the Private Placement will involve the sale of 597,334 more Units being issued than originally announced. The securities issued under the first tranche of the Private Placement are subject to a four-month hold period expiring on July 4, 2011. The Company has agreed to pay a finder's fee of $3,000 in connection with certain subscriptions under the Private Placement. 

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