Nevada Gold Holdings Inc. Secures $3.2 Million of New Financing

Nevada Gold Holdings, Inc. (OTCBB: NGHI), a mineral exploration company focused on identifying and developing large-scale gold deposits in Nevada, announced today that the Company has secured a $3.2 million convertible note financing commitment through a private transaction with an accredited investor. The financing will enable the Company to continue its drilling program on its Tempo prospect, a 2,920 acre leasehold located within the north-south trending Rabbit Creek Gold Trend. The Rabbit Creek Gold Trend is a prolific Nevada gold belt containing at least 80 million known ounces of gold. The Company has already commenced drilling three holes and has identified several additional distinct targets on the Tempo property.

“We are pleased to have secured this funding which provides the Company additional capital to complete the drilling program on the Tempo property,” said CEO David Rector. "We are fully committed to executing our plans in locating the next major gold deposit in the Rabbit Creek Gold Trend. We are also pursuing additional acquisition targets in the region."

"Visual and assay results from the first three holes have demonstrated that our Tempo project has all the ingredients for Carlin-type gold deposits including the presence of a Carlin-type gold system, permissive host rock units and potential major gold-feeder structures," said Dave Mathewson, Director and Chief Geologist. "Seven of the ten originally selected drill targets remain undrilled and seven additional drill targets have been identified. We intend to move forward with an aggressive drilling program in order to provide further tests of our target-rich Tempo project."

The securities sold have not been and will not be registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

About Nevada Gold Holdings, Inc.

Headquartered in Walnut Creek, CA, Nevada Gold Holdings, Inc. engages in the acquisition, exploration, and development of gold properties. The Company’s experienced management seeks to identify world class gold deposits by applying advanced geological and geophysical methods to high potential exploration properties located in the productive gold mining regions of Nevada. The Company currently holds a lease on one property, the Tempo prospect, located approximately 20 miles northwest of Austin, Nevada. Tempo consists of 206 contiguous unpatented lode claims, totaling about 4000 acres, and is located within the north-south trending Rabbit Creek Gold Trend. The Company’s current plan is to explore for gold at Tempo and to acquire future exploration prospects, and ultimately to develop Nevada Gold Holdings into a successful exploration company.

More information about the Company may be found at: www.nevadagoldholdings.com

Forward-Looking Statements

Certain statements in this press release that are not historical facts are "forward-looking statements." Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to: (i) the Company's ability to obtain sufficient capital to fund its current and proposed planning, exploratory, and drilling activities; (ii) the risk that a commercially exploitable gold deposit will not be found on the Company’s property; (iii) the Company’s ability to locate and acquire future exploration prospects; (iv) the Company’s ability to attract and retain qualified professionals; (v) the price of gold on the world markets; (vi) competitive factors and developments beyond the Company's control; and (viii) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov under "Search for Company Filings."

HK Battery Technology (CE) (USOTC:HKBT)
과거 데이터 주식 차트
부터 12월(12) 2024 으로 1월(1) 2025