NevGold (NAU.V) was able to close its brokered private placement before the end of May. The company issued 20 million units priced at C$0.30 unit with each unit consisting of a common share and half a warrant. Each full warrant allows the warrant holder to acquire an additional share at C$0.45 during a two year period.
The proceeds will be used to continue to advance the company’s Nutmeg Mountain project in Idaho and the Limousine Butte gold-antimony project in Nevada.
Disclosure: The author has a long position in NevGold. This post is for educational purposes only; be mindful investing in junior mining stocks is risky and you may lose your entire investment if things go wrong. Please read the disclaimer.
