NV Gold Corporation Announces Non-Brokered Private Placement

Vancouver-based NV Gold Corporation has revealed plans to initiate a non-brokered private placement. The company aims to raise up to $500,000 by issuing 2,000,000 units at a price of $0.20 per unit. Each unit consists of one common share and one common share purchase warrant. The warrants will be exercisable at $0.30 per share for a period of two years, with an acceleration clause if the share price closes at $0.45 or higher for ten consecutive trading days.

The private placement may close in multiple tranches as subscriptions are received and is subject to regulatory approvals, including TSX Venture Exchange. The proceeds will support exploration of NV Gold's Nevada properties and general administrative expenses. The offering will be available to accredited investors and existing shareholders, under applicable exemptions.

It is important to note that the securities will not be marketed in the United States and are subject to a four-month hold period upon issuance. The private placement includes potential finder's fees within the limits set by TSX Venture Exchange policies.