Finance

NevGold Completes Oversubscribed C$1.5M Financing Round and Increases Offer to C$2.0M

Published January 6, 2024

NevGold Corp. has successfully completed an oversubscribed non-brokered private placement financing round, initially closing at C$1.5 million. Due to the heightened interest and demand, the company has announced it will further increase the offering to C$2.0 million. This significant funding boost is poised to advance the company's strategic objectives and strengthen its financial position.

Investment Enthusiasm Drives Upsize

The private placement garnered strong investor interest, prompting NevGold to expand the offering. Participation highlights investor confidence in the company's vision and potential for growth. The funds will be instrumental in fueling further exploration and development of NevGold's projects.

Important Notice for U.S. Investors

The announcement emphasizes that the information regarding the private placement is not intended for distribution to the United States or through U.S. newswire services. NevGold targets a more localized approach, focusing on Canadian and potentially other international investors beyond the U.S. jurisdiction.

NevGold, Financing, PrivatePlacement