NV Gold closes final tranche of private placement, raising $1.4M

NV Gold Corporation (TSXV: NVX) (OTCQB: NVGLF) has completed the final tranche of a non-brokered private placement, issuing 1,740,948 units at $0.40 per unit for gross proceeds of $696,379.20, according to a company statement.

Each unit consists of one common share and one-half of one transferable common share purchase warrant. Each whole warrant is exercisable at $0.80 per share and expires two years from the date of issuance.

The company completed a first tranche on August 31, 2026, issuing 1,759,052 units for gross proceeds of $703,620.80. Combined proceeds from both tranches total $1,400,000.

No finder's fees were paid in connection with the offering. All securities issued are subject to a statutory hold period expiring four months and one day after closing.

The company said aggregate proceeds are expected to be used for an anticipated drill program and general working capital.

You May Also Be Interested In

• Softbank Said To Weigh Buying Largest Us Security Firm Allied - Bloomberg
• Metro Brands Ltd (METROBRA:IN) PT Lowered to INR950 at Kotak
• Maverick Gold closes first tranche of private placement for C$554,000