NV Gold Corporation Initiates $1 Million Private Placement

NV Gold Corporation has announced a non-brokered private placement to raise up to $1 million. The placement involves the issuance of up to 5 million units priced at $0.20 each. Each unit includes one common share and one transferable share purchase warrant. Warrants are exercisable at $0.50 and expire two years from issuance. The offering requires the Exchange's approval.

Insiders of NV Gold may participate, which is deemed a related party transaction but expected to be exempt from certain regulatory review requirements. Funds raised will be used for general working capital.

The securities will not be registered under the U.S. Securities Act of 1933. The company emphasized no offer or sale of securities would occur where it is not lawfully permitted.