NV Gold Announces Closing of First Tranche of Non-Brokered Private Placement

NV Gold (OTCQB:NVGLF, TSXV:NVX) closed the first tranche of its non-brokered private placement, issuing 1,759,052 units at $0.40 per unit for gross proceeds of $703,620.80.

Rhea-AI Summary

NV Gold (OTCQB:NVGLF, TSXV:NVX) closed the first tranche of its non-brokered private placement, issuing 1,759,052 units at $0.40 per unit for gross proceeds of $703,620.80. Each unit includes one share and half a warrant, with whole warrants exercisable at $0.80 for two years.

According to the company, proceeds are expected to fund an anticipated drill program and working capital. An insider participated under MI 61-101 exemptions. No finder’s fees were paid, and all securities carry a four-month-plus-one-day hold period. A second tranche is planned within weeks.

Positive

• $703,620.80 raised in first tranche at $0.40 per unit
• Two-year warrants with $0.80 exercise price attached to each unit
• Proceeds allocated to drill program and working capital, supporting 2026-27 exploration
• No finder’s fees paid on this tranche, limiting transaction costs

Negative

• Issuance of 1,759,052 new units creates equity dilution for existing shareholders
• All securities subject to four-month-plus-one-day hold, limiting immediate liquidity
• Second tranche still pending, creating short-term uncertainty on total capital raised and dilution

Argus Sep 1 session

+4.02% close to close Open Argus

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News Market Reaction – NVGLF

On Sep 1, the first trading day after this news, NVGLF closed 4.02% above the previous close.

Data tracked by StockTitan Argus for the Sep 1 session.

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Not for distribution to United States newswire services or for release publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States.

VANCOUVER, BC / ACCESS Newswire / August 31, 2026 / NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company"), announces that, further to its News Release of August 11, 2026, it has completed a first tranche of its non-brokered private placement whereby it issued 1,759,052 units ("Units") at a price of $0.40 per Unit for gross proceeds $703,620.80 (the "Offering"). Each Unit consists of one common share (each, a "Share") and one-half of one transferable common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant is exercisable at a price of $0.80 per Share and expires 2 years from the date of issuance. The Company intends to close a second tranche of the Offering in the next few weeks.

All securities issued in connection with the Offering are subject to a statutory hold period expiring four months and one day after closing of the Offering.

The Company did not pay any finder's fees in connection with the closing of the Offering.

The aggregate gross proceeds from the Offering are expected to be used for an anticipated drill program and general working capital.

An insider participated in the Offering and is considered to be a "related party" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Accordingly, the issuance is considered to be a "related party transaction" within the meaning of MI 61-101 but is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in section 5.5(b) as the Company's common shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in section 5.7(a) of MI 61-101 in that the fair market value of the consideration of the shares to be issued to the related party does not exceed 25% of the Company's market capitalization.

None of the securities sold in connection with the Offering will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About NV Gold Corporation

NV Gold (TSXV:NVX0(OTCQB:NVGLF) is a well-financed exploration company with ~35 million shares issued, over $2.0 M in its treasury and no debt. The Company is based in Vancouver, British Columbia and is focused on delivering value through mineral discoveries in Nevada, USA, leveraging its highly experienced in-house technical knowledge. 2026-7 will be NV Gold's busiest exploration year in its corporate history.

On behalf of the Board of Directors,

John Watson, Chairman and CEO

For further information, visit the Company's website at nvx.gold or contact us at 604-245-0054.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accept responsibility for the adequacy or accuracy of this release.

SOURCE: NV Gold Corporation

View the original press release on ACCESS Newswire

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did NV Gold (OTCQB:NVGLF) announce about its private placement on August 31, 2026?

NV Gold announced closing the first tranche of a non-brokered private placement, raising $703,620.80 from 1,759,052 units at $0.40 each. According to NV Gold, each unit includes one share and half a warrant exercisable at $0.80 for two years.

How many units and warrants were issued in NV Gold’s August 2026 financing (NVGLF)?

NV Gold issued 1,759,052 units, each with one share and half a warrant. According to NV Gold, each whole warrant allows purchase of one share at $0.80 for two years from issuance, creating potential future share issuance if exercised.

How will NV Gold use the proceeds from the August 31, 2026 private placement (NVGLF)?

NV Gold plans to use aggregate gross proceeds for an anticipated drill program and general working capital. According to NV Gold, the funding is intended to support what it describes as its busiest exploration year in 2026-27 in Nevada.

Were any finder’s fees paid in NV Gold’s first tranche private placement (NVGLF)?

NV Gold reported that it did not pay any finder’s fees in connection with closing the first tranche. According to NV Gold, this means the entire gross proceeds of $703,620.80 are available before other corporate expenses and project spending.

What are the lock-up and regulatory restrictions on NV Gold’s new securities (NVGLF)?

All securities from the offering are subject to a statutory hold period of four months and one day. According to NV Gold, the securities are not registered under the U.S. Securities Act and cannot be sold in the United States without registration or an exemption.

Did any insiders participate in NV Gold’s August 2026 financing, and under what rules (NVGLF)?

An insider participated, making the financing a related party transaction under MI 61-101. According to NV Gold, the deal relied on exemptions from valuation and minority approval because the fair market value did not exceed 25% of its market capitalization.