NV GOLD CORPORATION ("NVX")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: April 22, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the option agreement dated March 14, 2014 between NV Gold Corporation (the "Company"), its wholly-owned subsidiary, NV Gold Corporation (USA), Evolving Gold Corp. ("EVG") and its wholly-owned subsidiary, Rattlesnake Mining (Wyoming) Company ("EVG US"), whereby the Company has been granted an option to acquire a 100% interest in the Rattlesnake Hills Project located in Natrona County, Wyoming, USA, ("Property").
To exercise the option under the option agreement the Company must pay to EVG US US$3,500,000 and issue 3,000,000 common share purchase warrants of the Company ("Warrants") and 1,000,000 common shares of the Company ("Shares") in aggregate as follows:
- on execution of the Agreement, US$100,000 as a non-refundable deposit (the "Deposit") and US$300,000 (the "Down Payment") to EVG US' counsel for forwarding to EVG US upon TSX Venture Exchange ("TSXV") acceptance;
- upon TSXV acceptance, US$100,000 and 1,000,000 Warrants, each such Warrant exercisable to acquire one Share at CDN$0.10 per Share for 36 months from the date of issue;
- on or before August 1, 2014, US$200,000;
- on or before September 15, 2014, 1,000,000 Warrants, each such Warrant exercisable to acquire one Share at CDN$0.10 per Share until September 15, 2016;
- on or before November 1, 2014, US$800,000;
- on or before the first anniversary of TSXV acceptance, US$1,000,000 and 1,000,000 Warrants, each such Warrant exercisable to acquire Share at CDN$0.10 per Share for a period of 18 months from the date of issue; and
- on or before the second anniversary of execution, US$1,000,000 and 1,000,000 Shares.
Further information on the transaction can be found in the company's news releases dated March 17, 2014 and April 22, 2014.
CASH SHARES WARRANTS
Evolving Gold Corp. (TSX) US$3,500,000 1,000,000 3,000,000
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