Nevada Exploration Inc.

Published : January 14th, 2015

Nevada Exploration Closes Shares for Debt Transactions

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Keywords :   Debt | Gold |

Nevada Exploration Closes Shares for Debt Transactions

Nevada Exploration Closes Shares for Debt Transactions


January 14, 2015

Nevada Exploration Inc. ("NGE" or the "Company") (TSX-V:NGE) is pleased to announce that it has obtained shareholder approval for the previously announced shares for debt agreements with management and a non-arms length party to settle a total of $102,500 in accrued salaries and debt by issuing 2,050,000 Common Shares at a price of $0.05 per Common Share.

Additionally, NGE has agreed to issue and Genesis Gold Corporation ("Genesis"), an arm's length party, has agreed to accept 800,000 Common Shares at a price of $0.05, plus $10,000 USD in cash to be paid on or before September 1, 2015, to satisfy the 2014 annual payment due to Genesis under a Mining Lease and Option to Purchase Agreement on Genesis's Hot Pot Claims that form the core of NGE's Kelly Creek Property in Humboldt County, Nevada.

Together, subject to TSX Venture Exchange final approval, NGE will issue a total of 2,850,000 Common Shares at a price of $0.05 to satisfy $142,500 in debt.  The shares will be subject to a four month hold period expiring May 15, 2015.

About Nevada Exploration Inc.

NGE is an exploration company focused on gold in Nevada.  NGE is led by an experienced management team that has been involved with the discovery of more than 30 million ounces of gold in Nevada.

NGE is aggressively applying the latest in covered deposit exploration technology to identify, acquire, and advance new exploration properties in Nevada's highly prospective, yet underexplored covered basins.  Specifically, NGE has developed proprietary hydrogeochemistry (groundwater chemistry) exploration technology to explore for gold in Nevada's covered basins where traditional exploration techniques are challenged.

Using its industry-leading exploration technology, NGE has assembled a portfolio of new gold projects, and with interests in more than 80 square kilometres (31 sq mi), has established itself a major player in this world class jurisdiction.  NGE's business model is to leverage its properties and technology to create shareholder value through generative exploration, joint ventures, and other exploration partnerships.

For further information please contact:

Wade Hodges
CEO & Chairman
Nevada Exploration Inc.
Email: [email protected]
Tel: +1 (888) 263 2110
Website: www.nevadaexploration.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement on Forward-Looking Information:

This release and referenced presentation contains certain "forward-looking statements" including, without limitation, expectations, beliefs, plans and objectives regarding the potential transactions and ventures discussed in this release.  Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the risks inherent in mineral exploration, the need to obtain additional financing, environmental permits, the availability of needed personnel and equipment for exploration and development, fluctuations in the price of minerals, and general economic conditions.

Read the rest of the article at www.noodls.com

Nevada Exploration Inc.

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Nevada Exploration is a gold exploration company based in Canada.

Its main exploration properties are FLETCHER JUNCTION, HOT POT and BULL CREEK in USA.

Nevada Exploration is listed in Canada. Its market capitalisation is CA$ 4.0 millions as of today (US$ 3.2 millions, € 2.8 millions).

Its stock quote reached its highest recent level on September 28, 2012 at CA$ 1.90, and its lowest recent point on August 28, 2015 at CA$ 0.05.

Nevada Exploration has 47 370 000 shares outstanding.

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Financings of Nevada Exploration Inc.
8/10/2016Closes Financing and Announces Strategic Investor
8/4/2016Announces Private Placement Financing, Engages Palisade Glob...
8/3/2016Nevada Exploration Inc. Announces Private Placement Financin...
7/12/2016Announces Closing of Oversubscribed Financing
6/24/2016Announces Private Placement
4/17/2012Completes $910,000 Private Placement
8/5/2011Closes Final Tranche of $560,000 Private Placement
Nominations of Nevada Exploration Inc.
10/7/2009Appoints Jennifer Boyle to Board of Directors
Project news of Nevada Exploration Inc.
1/27/2014reports McEwen Mining Inc. begins drilling at Grass Valley
11/18/2013Stakes New South Grass Valley Property and Provides Explorat...
9/30/2013(Fletcher Junction)and Spruce Ridge Resources Ltd. Agree to Terminate the Fletc...
9/27/2013Presents at Resource Investing Conference Geneva and Zurich ...
9/6/2013Realigns its Nevada Land Holdings
8/12/2013Provides Grass Valley Project Update with McEwen Mining Inc.
7/10/2013Provides 2013 Summer Exploration Update
1/16/2013(Fletcher Junction)Provides Fletcher Junction Drilling Update
10/24/2012(Fletcher Junction)Provides Fletcher Junction Project Update: Drilling to Comme...
9/24/2012and McEwen Mining Inc. Establish New Gold Project South of B...
7/31/2012(Fletcher Junction)and Spruce Ridge Ltd. Sign Formal Option Agreement on the Fl...
6/19/2012(Fletcher Junction)and Spruce Ridge Ltd. Sign Letter of Intent on the Fletcher ...
3/19/2012The Northern Miner discusses Nevada Exploration Inc.
2/27/2012Signs Generative Exploration Agreement with McEwen Mining In...
1/6/2012Awakening Gold Project Reverts to Nevada Exploration Inc.
12/16/2011(Fletcher Junction)and Baymount Inc. Sign Letter of Intent on the Fletcher Junc...
8/16/2011(Hot Pot)Hot Pot Gold Project Reverts to Nevada Exploration Inc.
6/23/2011Northgate Minerals Initiates Drill Program at Nevada Explora...
Corporate news of Nevada Exploration Inc.
7/12/2016Nevada Exploration Inc. Announces Closing of Oversubscribed ...
6/24/2016Nevada Exploration Inc. Announces Private Placement
6/6/2016Nevada Exploration Inc. Continues to Consolidate a Land Posi...
5/2/2016Nevada Exploration Inc. Stakes Additional Claims in Kelly Cr...
4/20/2016Nevada Exploration Inc. Grants Options
12/29/2015Nevada Exploration Inc. Closes Private Placement
12/15/2015Nevada Exploration Inc. Commences Trading on the OTCQX Marke...
12/15/2015OTC Markets Group Welcomes Nevada Exploration to OTCQX
10/19/2015Nevada Exploration Inc. Announces AGM, Grants Options, and E...
8/31/2015Nevada Exploration Inc. Closes Financing and Completes Reorg...
8/11/2015Nevada Exploration Inc. Announces Proposed Financing and Reo...
3/10/2015Nevada Exploration Announces Resignation of Director
2/7/2015Nevada Exploration Completes Continuation into British Colum...
1/14/2015Nevada Exploration Closes Shares for Debt Transactions
9/3/2014Nevada Exploration Inc. Adjusts its Land Holdings
12/11/2013to Extend Warrants
9/16/2013Website Update
4/11/2013(Fletcher Junction)Confirms Start of Second Core Hole at Fletcher Junction
9/25/2012Adds New Director
5/8/2012(Fletcher Junction)Provides Fletcher Junction Update
6/27/2011Engages Gravitas Capital as Strategic Consultant
6/8/2011US Gold Engages Nevada Exploration to Complete a Hydrogeoche...
10/7/2009Resignation of Chief Financial Officer
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