On December 5, 2022, NevGold Corp. closed a brokered private placement of an aggregate 9,766,395 units at a price of $0.42 per unit for gross proceeds of $4.1 million. Each unit consisted of one common share and one-half of one common share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of $0.60 until December 5, 2024.
The offering was led by a syndicate of agents, with Beacon Securities Ltd. acting as sole bookrunner and including Haywood Securities Inc.
The private placement was completed pursuant to the new “Listed Issuer Financing Exemption” (National Instrument 45-106 – Prospectus Exemptions).
Cassels acted for the agents.