NV Gold Announces Closing of Final Tranche of Non-Brokered Private Placement

(TSXV:NVX) (OTCQB:NVGLF) NV Gold Corporation announced the completion of the final tranche of its non-brokered private placement, issuing 1,740,948 units at a price of $0.40 per unit for gross proceeds of $696,379.20. Each unit consists of one common share and one-half of one transferable common share purchase warrant. Each whole warrant is exercisable at a price of $0.80 per share and expires two years from the date of issuance. The company previously completed a first tranche of the offering on August 31, 2026, issuing 1,759,052 units for gross proceeds of $703,620.80. Aggregate proceeds from both tranches total $1,400,000. All securities issued in connection with the offering are subject to a statutory hold period expiring four months and one day after closing. No finder's fees were paid in connection with the closing of the offering. The aggregate gross proceeds from the offering are expected to be used for an anticipated drill program and general working capital. None of the securities sold in connection with the offering will be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States without registration or an applicable exemption. NV Gold Corporation is a well-financed exploration company with approximately 37 million shares issued, approximately $1.6 million in its treasury, and no debt. The company is based in Vancouver, British Columbia and is focused on mineral discoveries in Nevada, USA. The company states that 2026-7 will be its busiest exploration year in corporate history. John E. Watson is the Chairman & CEO of NV Gold Corporation.