NV Gold Corporation Secures $30,000 Through Warrant Exercise

NV Gold Corporation announced that John Watson, its President, Chairman, CEO, and director, has increased his stake in the company. This was achieved through the exercise of 100,000 common share purchase warrants at a price of $0.30 each, resulting in a total of $30,000 in proceeds.

Before this transaction, Mr. Watson owned 1,940,543 common shares, 97,500 stock options, and 1,125,000 common share purchase warrants. This represented about 19.45% of the company's common shares, or 28.25% on a partially diluted basis. Post-exercise, he now owns 2,040,543 shares, representing 20.25% ownership.

This increase in shareholding makes Mr. Watson a "Control Person" according to TSX Venture Exchange policies. Shareholder approval was received to confirm this status at the annual meeting on January 23, 2025.