OTC-PINK:NAUFF

NevGold Announces C$3M Brokered Private Placement Financing

Retrieved on: 
Wednesday, November 23, 2022
NAU, Risk, Issue, TSX Venture Exchange, Failure, Indian stock exchange, Bookrunner, Regulation, Offering, Gold, Company (military unit), Unit, Agent, News, SEC Rule 144A, Sale, Part, NI, National instrument, Security (finance), Lagopus

Each Warrant will entitle the holder to purchase one Common Share at an exercise price of $0.60 for 24months following the completion of the Offering.

Key Points: 
  • Each Warrant will entitle the holder to purchase one Common Share at an exercise price of $0.60 for 24months following the completion of the Offering.
  • This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.
  • NevGold is an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada, Idaho, and British Columbia.
  • Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

GoldMining Options The Almaden Property to NevGold for Total Consideration of $16.5 Million AND Makes Strategic Investment in NevGold

Retrieved on: 
Tuesday, June 14, 2022
Exercise, NAU, Copper, The Company, Company, Smart contract, Funding, South Tyrol Option Agreement, VWAP, Option, Forward-looking statement, CEO, News, Government, Agreement, U.S. Securities and Exchange Commission, GOLD, Goldmining project at Mount Ida region, NYSE, COVID-19, TSX, Acquisition, Gold, Cyprus Securities and Exchange Commission, Security (finance), Health insurance, BC

The structure of this deal with NevGold presents a 'win-win', providing us with exposure to the future success and upside potential of the Almaden Project and providing NevGold with a new strategic investment.

Key Points: 
  • The structure of this deal with NevGold presents a 'win-win', providing us with exposure to the future success and upside potential of the Almaden Project and providing NevGold with a new strategic investment.
  • The Option Agreement provides for additional contingent payments of up to C$7.5 million by NevGold, payable in cash and/or NevGold Shares, at the election of NevGold.
  • In addition, concurrently with the closing of the option grant, GoldMining will make a strategic investment in NevGold by subscribing for 1,481,481 NevGold Shares at a price of C$0.675 per NevGold Share for total subscription proceeds of C$1 million.
  • GoldMining Inc. is a public mineral exploration company focused on the acquisition and development of gold assets in the Americas.