Nevada Sunrise Gold Corp. is in the news again, this time closing the final tranche of its previously announced private placement. The gold exploration company has secured an impressive C$500,000 in gross proceeds from the financier of the transaction, Polar Star Mining Corporation and affiliates.
The placement consists of 20 million common shares of Nevada Sunrise Gold Corp. at a price of C$0.025. According to the press release, the investors have also been granted ownership of 25% of the company’s newly created precious metals royalty rights which gives them ownership of a percentage of any future gross revenue gained from mining production associated with the exploration activity.
The funds generated through this transaction will be used to support the advancement of Nevada Sunrise Gold Corp. assets, such as the Kinsley Mountain Project and the Reveille Project. The Kinsley Mountain Project holds great potential for the company, as it is situated adjacent to the Lem Deeps Mine which was previously mined by Barrick Mining Corporation. In addition to this, the Reveille Project holds a great potential to host high grade, near surface gold mineralization.
With this new funding, Nevada Sunrise Gold is poised to make great strides in its exploration and development of these projects. Combined with the expertise of the management team and experience of major gold producer Barrick Mining Corporation, Nevada Sunrise Gold looks to be in a great position to capitalize on the potential of its assets.
This transaction is a great sign for the future of Nevada Sunrise Gold Corp, and shareholders can look forward to the development of their assets. With such a supportive financier and the expertise of the management team, Nevada Sunrise Gold is in a great place to make great strides in the gold exploration industry.
Nevada Sunrise Gold Corp. is in the news again, this time closing the final tranche of its previously announced private placement. The gold exploration company has secured an impressive C$500,000 in gross proceeds from the financier of the transaction, Polar Star Mining Corporation and affiliates.
The placement consists of 20 million common shares of Nevada Sunrise Gold Corp. at a price of C$0.025. According to the press release, the investors have also been granted ownership of 25% of the company’s newly created precious metals royalty rights which gives them ownership of a percentage of any future gross revenue gained from mining production associated with the exploration activity.
The funds generated through this transaction will be used to support the advancement of Nevada Sunrise Gold Corp. assets, such as the Kinsley Mountain Project and the Reveille Project. The Kinsley Mountain Project holds great potential for the company, as it is situated adjacent to the Lem Deeps Mine which was previously mined by Barrick Mining Corporation. In addition to this, the Reveille Project holds a great potential to host high grade, near surface gold mineralization.
With this new funding, Nevada Sunrise Gold is poised to make great strides in its exploration and development of these projects. Combined with the expertise of the management team and experience of major gold producer Barrick Mining Corporation, Nevada Sunrise Gold looks to be in a great position to capitalize on the potential of its assets.
This transaction is a great sign for the future of Nevada Sunrise Gold Corp, and shareholders can look forward to the development of their assets. With such a supportive financier and the expertise of the management team, Nevada Sunrise Gold is in a great place to make great strides in the gold exploration industry.
