Nevada Exploration Inc.

Published : July 12th, 2016

Nevada Exploration Inc. Announces Closing of Oversubscribed Financing

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Technology |

Nevada Exploration Inc. Announces Closing of Oversubscribed Financing

Nevada Exploration Inc. ('NGE' or the 'Company') (TSX-V: NGE; OTCQX: NVDEF) is pleased to announce that it has closed, subject to final TSX Venture Exchange approval, the non-brokered private placement offering announced on June 23, 2016 (the 'Offering'), having increased the size of the Offering from 4,285,715 units to 5,000,000 units (the 'Units') at a price of $0.35 per Unit (the 'Offering'), for total gross proceeds of $1,750,000.

NGE's President James Buskard comments: 'We are very pleased by the strong support we are receiving for our gold exploration program in Nevada. With these funds, we are well positioned to deliver on a comprehensive 2016 exploration program, the highlight of which will be the commissioning of our own truck-mounted small diameter reverse circulation drill rig, which we understand to be the first such rig in Nevada. With its commissioning, we expect to radically reduce the cost of early stage drilling in Nevada, and by continuing to lower the costs of exploring Nevada's highly prospective yet under-explored covered basins, our goal remains to maximize the Company's exposure to the upside of discovering new gold deposits in Nevada.'

Each Unit consists of one common share and one-half of one non-transferable common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share at an exercise price of $0.60 for a period of 18 months. All securities issued are subject to a four month plus one-day hold period expiring November 13, 2016.

Proceeds from the offering will be used to advance NGE's exploration projects, as well as for general working capital.

In connection with the Offering, the Company paid finders fees totalling $30,392.25 in cash and 147,600 Units.

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

Using its industry-leading exploration technology, NGE has assembled a portfolio of new gold projects, and has established itself as 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 and development.

For further information, please contact:

Investor Relations
Nevada Exploration Inc.
Email: [email protected]
Tel: +1 (604) 601 2006
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.

The securities issued by NGE have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the '1933 Act'), or the securities laws of any state of the United States, and may not be offered or sold in the United States absent registration, or an applicable exemption therefrom, under the 1933 Act and the securities laws of all applicable states. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, sale or solicitation would be unlawful.

Wade A. Hodges, CEO & Director, Nevada Exploration Inc., is the Qualified Person, as defined in National Instrument 43-101, and has prepared the technical and scientific information contained in this News Release.

Cautionary Statement on Forward-Looking Information:

This news release contains 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking information') within the meaning of applicable securities laws, including, without limitation, expectations, beliefs, plans, and objectives regarding projects, potential transactions, and ventures discussed in this release.

In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, regarding, among other things, the assumption the Company will continue as a going concern and will continue to be able to access the capital required to advance its projects and continue operations. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.

In addition, there are known and unknown risk factors which could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. 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.

A more complete discussion of the risks and uncertainties facing the Company is disclosed in the Company's continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.

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

Nevada Exploration Inc.

EXPLORATION STAGE
CODE : NGE.V
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
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
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (NGE.V)
0.085-5.56%
TORONTO
CA$ 0.085
11/18 11:14 -
-5.56%
Prev close Open
0.090 0.080
Low High
0.080 0.085
Year l/h YTD var.
0.075 -  0.210 -43.33%
52 week l/h 52 week var.
0.075 -  0.210 -34.62%
Volume 1 month var.
216,000 -5.56%
24hGold TrendPower© : -41
Produces
Develops
Explores for Gold - Silver
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 10/7/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2021-43.33%0.220.13
2020-46.43%0.390.12
20193.70%0.390.15
2018-14.29%0.500.12
2017-1.56%0.460.27
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 6.82-1.02%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.70-1.82%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.14-0.95%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 1.03-2.83%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.86-6.52%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.04+12.50%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 3.55-0.56%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 10.53-0.47%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.46-4.17%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20+2.63%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 3.52+2.62%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 42.70-5.30%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+6.90%Trend Power :