NV Gold Launches Non-Brokered Private Placement Targeting Up to CAD 3.7 Million

NV Gold Corporation (TSXV: NVX, OTCQB: NVGLF) has announced a non-brokered private placement to raise gross proceeds of up to CAD 3,700,000 through the issuance of as many as 3,700,000 units priced at CAD 1.00 each.

Each unit consists of one common share and one half of a transferable common share purchase warrant, meaning an investor would need two units to hold one whole warrant. The offering is non-brokered, meaning NV Gold is placing the securities directly without an underwriting intermediary, a structure common among junior mining companies seeking to minimize financing costs.

NordX Metals also announced a separate CAD 2.4 million private placement on the same day, reflecting broader financing activity across the junior mining sector.