Nayarit Gold will not complete C$3.6 million placement of units

By Laura Lutz

Washington, Dec. 19 - Nayarit Gold Inc. canceled its previously reported C$3.6 million private placement of units.

The company said that the placement, which priced on Nov. 28, will not be completed because of the year-end break.

The offering had been planned as a non-brokered sale of up to 4 million units at C$0.90 each.

The company will make further announcements about its funding initiatives in the new year.

Nayarit is a Toronto-based resource company.

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