NV Gold Announces Closing of Non-Brokered Private Placement

The financing adds exploration funding without finder's fees, while issuing common shares and warrants.

Rhea-AI Summary

NV Gold (NVGLF) completed a non-brokered private placement raising $3,690,000 in gross proceeds to support its planned exploration and working capital.

The company issued 3,690,000 units at $1.00 each. Each unit contains one common share and one-half of a transferable share purchase warrant. Each whole warrant is exercisable at $2.00 and expires two years from issuance. No finder's fees were paid. NV Gold expects to use the proceeds for an anticipated drill program and general working capital. Securities issued in the offering carry a statutory hold period expiring four months and one day after closing.

3 points · 0 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 2 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointPrivate placement completed with $3,690,000 in gross proceeds. 15% of market cap
• Minor pointClosing incurred no finder's fees.
• Minor point. Forward-looking: it has not happened yet and may not happen.Proceeds are expected to fund an anticipated drill program alongside general working capital.

Negative

• Moderate pointIssuance of 3,690,000 units at $1.00 each, containing one common share apiece, dilutes existing holders.
• Minor point. Forward-looking: it has not happened yet and may not happen.Each unit includes one-half warrant; whole warrants permit further dilution at $2.00 for two years from issuance.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Vancouver, British Columbia--(Newsfile Corp. - November 10, 2026) - NV Gold Corporation (TSXV: NVX) (OTCQB: NVGLF) ("NV Gold" or the "Company") announces that, further to its News Release of November 3, 2026, it has completed its non-brokered private placement whereby it issued 3,690,000 units ("Units") at a price of $1.00 per Unit for gross proceeds $3,690,000 (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 $2.00 and expires 2 years from the date of issuance.

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.

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: NVX) (OTCQB: NVGLF) is a well-financed exploration company with ~40.8 million shares issued, over $4.5 million 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 E. Watson
Chairman & CEO

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

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/323438

FAQ

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

How much did NV Gold raise in its completed private placement?

NV Gold raised $3,690,000 in gross proceeds by issuing 3,690,000 units at $1.00 per unit. Each unit consists of one common share and one-half of a transferable common share purchase warrant.

What are the warrant terms in NV Gold's private placement?

Each whole warrant is exercisable at $2.00 and expires two years from issuance. Investors received one-half of a warrant with each unit purchased.