Connect with us

Hi, what are you looking for?

Investing

Unlocking Nevada’s Bright Future: Last Private Placement Tranche Closes

Nevada Sunrise Gold Corporation (TSX.V: NEV) has closed the final tranche of its non-brokered private placement, which was announced on January 15, 2020.

The private placement consisted of 4,650,000 units at a purchase price of $0.10 per Unit for gross proceeds of $465,000. Each Unit is comprised of one common share in the capital of the Company and one-half of one transferable common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share in the capital of the Company at a price of $0.15 per common share for a period of 18 months from the date of issuance.

In connection with the private placement, the Company paid a total of $38,790.50 in cash and issued 388,905 broker warrants to Limited Market Dealer, a division of PI Financial Corp. Each broker warrant entitles the holder to purchase one common share at an exercise price of $0.10 per common share for a period of 24 months from the issue date.

Funds raised from the private placement will be used for exploration of the Company’s Lovelock Cobalt Mine property the exploration of the Company’s Longstreet Property, general working capital.

The securities issued under the private placement are subject to a statutory hold period, which ends on May 17, 2020.

This private placement closes out a very successful fundraising campaign for the Company. In total, Nevada Sunrise raised a record amount of capital in order to finance further exploration of its properties.

This capital raise is an important step as Nevada Sunrise continues to move forward and navigate the challenging availability of funds in the current market environment. We wish Nevada Sunrise the best of luck in its exploration efforts.

Enter Your Information Below To Receive Latest News, And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Investing

    Getchell Gold Corp, a junior miner exploring gold mining in Nevada, has just initiated trading on the Frankfurt Exchange under the symbol GGA1. Getchell...

    Latest News

    France has announced the release of François Santoni, a French official that had been held by Niger security forces since July 7. The French...

    Stock

    With government issues, i.e. bonds, it is essential to consider the “long term trend” in order to get the most benefit and create wealth...

    Investing

    Exploration results from the latest Bigfoot Drilling Program at the Tatiggaq Project in Canada’s Thelon Basin, Yukon-Northwest Territories region have demonstrated that the uranium...

    Disclaimer: Incomeinvestingsinsider.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2023 Incomeinvestingsinsider.com