NV Gold Announces Amended Triple T Property Lease Agreement
NV Gold Corporation (OTCQB:NVGLF) has amended its Triple T Property lease agreement in Pershing County, Nevada.
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Rhea-AI Summary
NV Gold Corporation (OTCQB:NVGLF) has amended its Triple T Property lease agreement in Pershing County, Nevada. The company will issue 313,000 common shares at C$0.175 per share to settle an annual payment of US$40,000 (approximately C$54,800) under the agreement.
The amended agreement modifies the terms of the original exploration and mining lease agreement from June 21, 2021, which was previously amended on June 7, 2024. The Payment Shares will be subject to TSX Venture Exchange approval and a four-month statutory hold period.
Positive
- Settlement of US$40,000 payment obligation through share issuance preserves cash
- Maintains exploration rights to Triple T Property in Nevada
Negative
- Share issuance of 313,000 shares results in dilution for existing shareholders
Details
News Market Reaction – NVGLF
The recorded move for NVGLF in the trading session of this news was -3.07%.
Data tracked by StockTitan Argus. Session date unavailable.
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VANCOUVER, BC / ACCESS Newswire / July 8, 2025 / NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") announces that the Company has reached an agreement (the "Amendment") to amend the terms of the exploration and mining lease agreement dated June 21, 2021, as amended June 7, 2024, between the Company's wholly-owned subsidiary, NV Gold Corporation (USA), Inc. ("NV Gold USA") and the owners of the Triple T property, pursuant to which the Company has the exclusive right to explore on and evaluate the Triple T Property in Pershing County, Nevada (the "Agreement"). Pursuant to the Amendment, the Company has agreed to issue an aggregate of 313,000 common shares of the Company (the "Payment Shares") at a price of C
The issuance of the Payment Shares is subject to TSX Venture Exchange approval. The Payment Shares will be subject to a statutory hold period of four months from the date of issuance, in accordance with applicable securities legislation.
About NV Gold Corporation
NV Gold Corporation is a well-organized exploration company with 18.7 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
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