Non-brokered offering finances work on company's mining properties
By Angela McDaniels
Tacoma, Wash., May 11 - NV Gold Corp. said it completed the second and final tranche of the non-brokered private placement of units it priced on Feb. 11. The placement totaled C$1.68 million.
The company sold 2,264,000 units in the first tranche for C$679,200 and 3,333,334 units in the second tranche for C$1 million.
Each of the 5,597,334 units sold for C$0.30. Each unit consists of one common share and a half-share warrant.
Each whole warrant is exercisable at C$0.40 until Nov. 9, 2012. The strike price is 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 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$1,679,200
|
| Units: | 5,597,334 (2,264,000 in first tranche; 3,333,334 in second tranche)
|
| Price: | C$0.30
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Nov. 9, 2012
|
| Warrant strike price: | C$0.40
|
| Agent: | Non-brokered
|
| Pricing date: | Feb. 11
|
| Settlement dates: | March 4 for C$679,200; May 11 for C$1 million
|
| Stock symbol: | TSX Venture: NVX
|
| Stock price: | C$0.33 at close May 10
|
| Market capitalization: | C$5.65 million
|
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