NSGOLD CORPORATION ("NSX")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement, Declaration of Dividend
BULLETIN DATE: March 8, 2012
TSX Venture Tier 2 Company
Property-Asset or Share Disposition Agreement
The Exchange has accepted for filing the documentation relating to the disposition by NSGold Corporation ("NSGold") of all NSGold's shares of Compania Minera Oso Blanco SA de CV, a Mexican subsidiary of NSGold and $4,665,000 cash to another wholly-owned subsidiary, NSX Silver Inc. ("NSX Silver"), in consideration of 45,400,000 common shares of NSX Silver, at a deemed issue price of $0.105 per share, in connection with the spin-off of NSX Silver.
NSGold will distribute approximately 43.4 million common shares of NSX Silver to the shareholders of NSGold on the distribution record date, on the basis of one common share of NSX Silver for every common share of NSGold held. After the distribution, NSGold will hold approximately 2,015,000 common shares of NSX Silver.
For further information, please refer to NSX Silver's Prospectus dated February 28, 2012, which is available on SEDAR.
Declaration of Dividend
NSGold Corporation ("NSGold") has declared the following dividend in connection with the spin-out of its subsidiary NSX Silver Inc. ("NSX Silver"):
Dividend per 1 NSGold Share: 1 NSX Silver Share
Payable Date: March 21, 2012
Record Date: March 16, 2012
Ex-Dividend Date: March 14, 2012
It is expected that NSX Silver will be listed on the TSX Venture Exchange, as a Tier 2 Mining Issuer, under the trading symbol "NSY", at the time of the Ex-Dividend Date. A detailed "New Listing" bulletin will be issued.
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