Non-brokered offering finances work on company's mining properties
By Devika Patel
Knoxville, Tenn., Feb. 11 - NV Gold Corp. said it plans a non-brokered private placement of units. The deal is slated to raise between C$1.2 million and C$1.5 million.
The company will sell between 4 million and 5 million units of one common share and a half-share warrant at C$0.30 per unit.
Each whole warrant is exercisable at C$0.40 for 18 months. The strike price reflects a 42.86% premium to the closing share price of C$0.28 on Feb. 10.
Proceeds will be used for work on the company's properties and for general corporate purposes.
The Vancouver, B.C., mining company explores for gold and copper.
| Issuer: | NV Gold Corp.
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | C$1.2 million (minimum), C$1.5 million (maximum)
|
| Units: | 4 million (minimum) 5 million (maximum)
|
| Price: | C$0.30
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.40
|
| Agent: | Non-brokered
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| Pricing date: | Feb. 11
|
| Stock symbol: | TSX Venture: NVX
|
| Stock price: | C$0.28 at close Feb. 10
|
| Market capitalization: | C$4.09 million
|
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