NV Gold Announces Loan
NV Gold (OTCQB:NVGLF) has secured an unsecured loan of US$165,000 from company insider John Watson. The loan carries a 12% annual interest rate, compounded annually, with a maturity date of one year from September 2, 2025, or earlier upon demand.
The company plans to utilize the majority of the loan proceeds for Bureau of Land Management fees and exploration services at its Slumber Gold Project, with the remainder allocated for working capital. As a related party transaction, the loan agreement complies with MI 61-101 exemptions, as the loan value is below 25% of the company's market capitalization.
["Secured US$165,000 in immediate financing", "Funds allocated for exploration services at Slumber Gold Project", "Flexible repayment terms with option to repay early"]NV Gold (OTCQB:NVGLF) ha ottenuto un prestito non garantito di US$165.000 da un dirigente della società, John Watson. Il prestito prevede un tasso d'interesse annuo del 12%, capitalizzato annualmente, con scadenza un anno a partire dal 2 settembre 2025, o anticipata su richiesta.
La società intende destinare la maggior parte dei proventi del prestito alle tasse del Bureau of Land Management e ai servizi di esplorazione presso il suo Slumber Gold Project, mentre il resto sarà impiegato come capitale circolante. In quanto operazione con parte correlata, il contratto di prestito è conforme alle esenzioni previste dalla MI 61-101, dato che l'importo è inferiore al 25% della capitalizzazione di mercato della società.
- Finanziamento immediato di US$165.000
- Fondi destinati ai servizi di esplorazione presso il Slumber Gold Project
- Termini di rimborso flessibili con opzione di rimborso anticipato
NV Gold (OTCQB:NVGLF) ha obtenido un préstamo no garantizado de US$165,000 de un directivo de la empresa, John Watson. El préstamo devenga un interés anual del 12%, capitalizado anualmente, con vencimiento a un año a partir del 2 de septiembre de 2025, o antes si se solicita su pago.
La compañía planea utilizar la mayor parte de los fondos del préstamo para tasas del Bureau of Land Management y servicios de exploración en su Slumber Gold Project, destinando el resto a capital de trabajo. Como operación con una parte relacionada, el acuerdo de préstamo cumple con las exenciones de la MI 61-101, ya que el importe es inferior al 25% de la capitalización de mercado de la empresa.
- Financiación inmediata de US$165,000
- Fondos asignados a servicios de exploración en el Slumber Gold Project
- Términos de pago flexibles con opción de reembolso anticipado
NV Gold (OTCQB:NVGLF)는 회사 내부자 John Watson으로부터 US$165,000의 무담보 대출을 받았습니다. 이 대출은 연복리로 연 12%의 이자율이 적용되며, 2025년 9월 2일부터 1년 후 만기이거나 요구 시 조기 상환될 수 있습니다.
회사는 대출금 대부분을 토지관리국(Bureau of Land Management) 수수료와 Slumber Gold Project의 탐사 서비스에 사용할 계획이며, 나머지는 운전자본으로 배정할 예정입니다. 관련자 거래로서 대출 계약은 MI 61-101의 예외 규정을 충족하며, 대출 금액이 회사 시가총액의 25% 미만임을 근거로 합니다.
- 즉시 이용 가능한 US$165,000 자금 확보
- Slumber Gold Project 탐사 서비스에 자금 배정
- 조기 상환 옵션을 포함한 유연한 상환 조건
NV Gold (OTCQB:NVGLF) a obtenu un prêt non garanti de 165 000 $US auprès d'un initié de la société, John Watson. Le prêt porte un taux d'intérêt annuel de 12%, capitalisé annuellement, avec une échéance d'un an à compter du 2 septembre 2025, ou plus tôt sur demande.
La société prévoit d'utiliser la majeure partie des fonds pour les frais du Bureau of Land Management et les services d'exploration sur son Slumber Gold Project, le reste étant affecté au fonds de roulement. En tant qu'opération avec une partie liée, le contrat de prêt respecte les exemptions de la MI 61-101, le montant du prêt étant inférieur à 25 % de la capitalisation boursière de la société.
- Financement immédiat de 165 000 $US
- Fonds alloués aux services d'exploration du Slumber Gold Project
- Conditions de remboursement flexibles avec option de remboursement anticipé
NV Gold (OTCQB:NVGLF) hat von einem Insider des Unternehmens, John Watson, ein unbesichertes Darlehen in Höhe von US$165.000 erhalten. Das Darlehen trägt einen jährlichen Zinssatz von 12%, der jährlich kapitalisiert wird, und läuft ein Jahr ab dem 2. September 2025 bzw. kann auf Verlangen früher fällig gestellt werden.
Das Unternehmen beabsichtigt, den Großteil der Darlehensmittel für Gebühren des Bureau of Land Management und für Explorationsdienstleistungen in seinem Slumber Gold Project zu verwenden; der Rest wird als Betriebskapital eingesetzt. Als Transaktion mit einer verbundenen Partei entspricht der Darlehensvertrag den MI-61-101-Ausnahmen, da der Darlehensbetrag unter 25% der Marktkapitalisierung des Unternehmens liegt.
- Sofortige Finanzierung in Höhe von US$165.000 gesichert
- Mittel für Explorationsdienstleistungen im Slumber Gold Project vorgesehen
- Flexible Rückzahlungsbedingungen mit Option auf vorzeitige Rückzahlung
- None.
- High interest rate of 12% per annum
- Loan is from company insider, indicating possible difficulty securing external funding
- Repayment can be demanded at any time by the lender
VANCOUVER, BC / ACCESS Newswire / September 8, 2025 / NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") announces that that it has entered into an unsecured loan agreement with John Watson, an insider of the Company, effective September 2, 2025 pursuant to which Mr. Watson provided a loan to the Company in the aggregate amount of US
The Loan bears interest at a rate of
The Company intends to use the majority of the proceeds of the Loan for payment of Bureau of Land Management fees and exploration services conducted at the Company's Slumber Gold Project in summer 2025. The remaining portion will be used for liquidity and working capital purposes.
Multilateral Instrument 61-101
The entering into of the loan agreement is a "related party transaction" under Multilateral Instrument 61-101- Protection of Minority Security Holders in Special Transactions ("MI 61-101") as Mr. Watson is an insider of the Company. The Company has relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that the value of the Loan does not exceed
About NV Gold Corporation
NV Gold Corporation is a well-organized exploration company with 19.2 million shares issued and outstanding. NV Gold has 21 exploration projects in Nevada comprising 639
Leveraging its expansive property portfolio, its highly experienced in-house technical team, and its extensive geological data library, 2025 promises to be highly productive for NV Gold.
On behalf of the Board of Directors,
John Watson, President, Chairman, CEO and Director
For further information, visit the Company's website at www.nvgoldcorp.com or contact:
Freeform Communications at 604.245.0054
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE: NV Gold Corporation
View the original press release on ACCESS Newswire
FAQ
What are the terms of NVGLF's new loan agreement in September 2025?
How will NV Gold (NVGLF) use the loan proceeds?
Who provided the loan to NV Gold (NVGLF)?
Why is NVGLF's loan considered a related party transaction?
