NV Gold Corporation Announces Financing and Debt Settlement Plans

NV Gold Corporation has unveiled plans for a non-brokered private placement aiming to raise up to C$1,000,000. This will involve the issuance of 5,555,555 units at C$0.18 each, where each unit comprises one common share and a warrant for an additional share at C$0.40, valid for 24 months. The raise aims to fund a drill program, potential land acquisitions, and general purposes.

Additionally, NV Gold plans a debt settlement through issuing 1,684,780 common shares at C$0.14 to settle a loan with its President and CEO, John Watson. His participation is categorized as a "related party transaction" under MI 61-101 regulations but exempt from certain requirements.

Both initiatives await approval from the TSX Venture Exchange. The securities involved will not be available for U.S. markets unless registered or exempted under U.S. regulations.