NV GOLD CORPORATION ("NVX")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement, Private Placement-Non-Brokered
BULLETIN DATE: October 3, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation related to the Data And Mining Claims Purchase And Sale Agreement dated September 1, 2016 among NV Gold Corporation (the "Company") and its wholly-owned subsidiary, NV Gold Corporation (USA) ("NVX US"), and Redstar Gold Corp. ("RGC") and its wholly-owned subsidiary, Redstar Gold (USA) Inc. ("RGC US") under which the Company has agreed to acquire a database of exploration information (the "Database") and NVX US has agreed to acquire a 100% interest in eleven mineral properties in Nevada (the "Properties") owned by RGC US for an aggregate of 6,172,730 common shares of the Company (the "Transaction").
Further information on the Transaction is available in the Company's news releases dated Aug 2nd to Sept 30, 2016.
CASH SHARES WORK EXPENDITURES
Redstar Gold Corp. $0 1,337,425 $0
Redstar Gold (USA) Inc. $0 4,835,305 $0
Private placement
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 10, 2016 and August 26, 2016:
Number of Shares: 2,750,000 shares
Purchase Price: $0.20 per share
Warrants: 1,3750,000 share purchase warrants to purchase 1,3750,000 shares
Warrant Exercise Price: $0.40 for a two year period, subject to an acceleration clause.
Number of Placees: 13 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
John Watson Y 510,000
Paul Zyla Y 200,000
RAS Capital Corp. (Ron Schmitz) Y 50,000
Finder's Fee: Canaccord Genuity Corp. $2,250 cash payable.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. [Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.]
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