From GlobeNewswire:

NevGold Corp. is pleased to announce the successful first tranche closing of its non-brokered private placement financing, raising gross proceeds of C$1.5M, with the potential to increase to C$2.0M. The Company plans to use the funds to further advance opportunities at Nutmeg Mountain and in surrounding areas. The second tranche of the offering is expected to close on or around January 12, 2024. Insiders of the company have purchased a significant number of Common Shares under the offering, totaling 468,750 shares. All securities issued are subject to a hold period, and the offering is subject to final TSX Venture Exchange approval.

For further information, please contact Brandon Bonifacio at [email protected], call 604-337-4997, or visit their website at www.nev-gold.com.

NevGold is targeting large-scale projects in Nevada and Idaho and has successfully closed the initial tranche of its private placement financing. Insiders have participated significantly in the offering, and all securities issued are subject to a hold period. The company looks forward to using the funds to advance strategic efforts and general working capital purposes.

For further information, please contact Brandon Bonifacio at [email protected], call 604-337-4997, or visit their website at www.nev-gold.com.



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