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NV Gold Corporation reports developments for a mineral exploration company focused on mineral discovery projects, primarily in Nevada, with an additional project in Switzerland. Its company updates identify a Nevada exploration portfolio that includes priority projects such as Slumber, Triple T and SW Pipe.
Recurring news themes include non-brokered private placements, unit financings made up of common shares and purchase warrants, statutory hold periods, warrant terms and acceleration rights, debt settlement transactions, and related-party or insider participation disclosures under Canadian securities rules.
NV Gold Corporation (NVGLF) has provided an exploration update for the high-grade Exodus Gold Project in British Columbia. Recent activities include a completed soil geochemistry program covering a 2 km x 2 km area, with 817 samples pending analysis. Increased mapping and sampling of newly identified veins are ongoing, and a drill permit for 5,000 meters has been submitted. Positive discussions were held with Lheidli T'enneh First Nation regarding a Mineral Exploration Agreement. The exploration focus is on expanding vein systems and preparing for future drilling.
NV Gold Corporation (TSXV: NVX, OTC PINK: NVGLF) has successfully closed a CDN$3,000,200 non-brokered private placement, selling 9,375,625 units at CDN$0.32 per unit. Each unit comprises one share and one-half warrant, with warrants exercisable at CDN$0.40 until August 21, 2022. The funds will advance exploration at the Exodus, Slumber, and Sandy Gold Projects. Investments include Crescat Capital LLC, which acquired 3,125,000 units and has rights for future financings, bolstering NV Gold's financial support for ongoing exploration initiatives.
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