- Nevada Exploration (NGE) announced a non-brokered private placement offering for gross proceeds of up to $1,000,000
- The company will issue up to 40,000,000 units at a $0.025 per unit
- NGE is advancing a portfolio of new gold exploration projects, primarily focused on three district-scale Carlin-type gold projects
- Nevada Exploration Inc. (NGE) opened trading at C$0.025
Nevada Exploration (NGE) announced a non-brokered private placement offering for gross proceeds of up to $1,000,000.
The company will issue up to 40,000,000 units at a $0.025 per unit.Each unit will consist of one common share and one share purchase warrant. Each warrant entitles the holder to acquire an additional common share for 36 months.
The company will allocate approximately 40 per cent of the proceeds towards claim holding fees, 30 percent towards supporting its ongoing drilling program at its South Grass Valley Carlin-type gold project, and the remainder towards general working capital.
The securities issued will be subject to a statutory four month hold period.
NGE is advancing a portfolio of new gold exploration projects, primarily focused on three district-scale Carlin-type gold projects, which includes its flagship South Grass Valley project where it is currently drilling approximately 50 kilometres south-southwest of the Nevada Gold Mines.
Nevada Exploration Inc. (NGE) opened trading at C$0.025.