NV Gold Announces Closing of Non-Brokered Private Placement

Rhea-AI Summary

NV Gold (OTCQB:NVGLF) closed a non-brokered private placement on January 20, 2026, issuing 2,079,002 units at $0.20 per unit for gross proceeds of $415,800.40.

Each Unit includes one common share and one transferable warrant exercisable at $0.50 for two years, subject to an acceleration right if shares trade above $0.50 for three consecutive trading days after a four-month hold period. Proceeds are earmarked for general working capital. Securities are subject to a statutory hold ending four months and one day after closing and are not registered under the U.S. Securities Act.

Positive

• Gross proceeds of $415,800.40
• Issued 2,079,002 units at $0.20 per unit
• Warrants exercisable at $0.50 for two years
• Proceeds designated for general working capital

Negative

• Immediate dilution from issuance of 2,079,002 new shares
• Potential additional dilution if 2,079,002 warrants are exercised
• Warrant acceleration clause could force earlier expiry if share price rises
• Securities are not registered in the U.S., limiting U.S. investor participation

News Market Reaction

-0.74%

1 alert

-0.74% News Effect

On the day this news was published, NVGLF declined 0.74%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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 / January 20, 2026 / NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company"), announces that, further to its News Release of January 13, 2026, it has completed its non-brokered private placement whereby it issued 2,079,002 units ("Units") at a price of $0.20 per Unit for gross proceeds $415,800.40 (the "Offering"). Each Unit consists of one common share (each, a "Share") and one transferable common share purchase warrant (each, a "Warrant"). Each Warrant is exercisable at a price of $0.50 and expires 2 years from the date of issuance, subject to an acceleration right held by the Company if the Shares have a closing price of over $0.50 per Share for a period of three (3) consecutive trading days at any time from the date that is four months and one day after the Closing on the TSX Venture Exchange (the "Exchange"), in which case the Company may accelerate the expiry of the Warrants by giving notice to the holders thereof (by disseminating a news release advising of the acceleration of the expiry date of the Warrants) and, in such case, the Warrants will expire on the thirtieth (30^th) day after the date of such notice.

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 aggregate gross proceeds from the Offering are expected to be used for 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 Corporation is a well-organized exploration company with ~26.2 million shares issued and no debt. NV Gold has 12 exploration projects in Nevada, and one in Switzerland. The Company has three priority projects including Slumber, Triple T and SW Pipe. The Company is based in Vancouver, British Columbia, and Reno, Nevada and is focused on delivering value through mineral discoveries in Nevada, USA. Leveraging its expansive property portfolio, its highly experienced in-house technical team, and its extensive geological data library, 2026 promises to be highly productive for NV Gold.

On behalf of the Board of Directors,

John Watson, Chairman and CEO

For further information, visit the Company's website at www.nvx.gold or contact:

Freeform Communications 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

How much did NV Gold (NVGLF) raise in the January 20, 2026 private placement?

NV Gold raised $415,800.40 by issuing 2,079,002 units at $0.20 per unit.

What does each unit include in NV Gold's (NVGLF) offering?

Each unit includes one common share and one transferable warrant exercisable at $0.50 for two years.

When do the securities from NV Gold's (NVGLF) private placement become tradable?

All securities are subject to a statutory hold period expiring four months and one day after closing.

How might NV Gold's (NVGLF) warrants affect shareholders?

If warrants are exercised at $0.50, existing shareholders face dilution from up to 2,079,002 additional shares.

Can NV Gold (NVGLF) accelerate warrant expiry and under what condition?

Yes; the company may accelerate expiry if the share closing price exceeds $0.50 for three consecutive trading days after the four-month hold period.

What will NV Gold (NVGLF) use the private placement proceeds for?

The company stated proceeds are expected to be used for general working capital.