NevGold Announces Closing of Shares-For-Debt Transaction
Vancouver, British Columbia, Oct. 16, 2023 (GLOBE NEWSWIRE) -- NevGold Corp. (“NevGold” or the “Company”) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce the closing of a previously-announced shares for debt transaction, as described in the press release of the Company dated September 21, 2023 (the “Shares-for-Debt Transaction”).
- Vancouver, British Columbia, Oct. 16, 2023 (GLOBE NEWSWIRE) -- NevGold Corp. (“NevGold” or the “Company”) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce the closing of a previously-announced shares for debt transaction, as described in the press release of the Company dated September 21, 2023 (the “Shares-for-Debt Transaction”).
- NevGold has settled debt in the amount of C$169,580 (the “Debt”) previously owed to two arm’s-length creditors by issuing an aggregate of 403,761 common shares in the capital of the Company (the “Common Shares”) at a price of $0.42 per Common Share, reflecting a plus 40% premium to NevGold closing share price on October 13, 2023, to the creditors.
- The Company received the approval of the TSX Venture Exchange to the Shares-for-Debt Transaction.
- The Common Shares issued pursuant to the Shares-for-Debt Transaction are subject to a hold period expiring on February 14, 2024.