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/NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES/
VANCOUVER, BC, June 16, 2022 /CNW/ – Nevada Sunrise Gold Corporation (“Nevada Sunrise” or the “Company”) (TSXV:NEV) (OTC:NVSGF) announced today that it has amended the terms of its non-brokered private placement initially disclosed in news releases dated June 8, 2022 and June 10, 2022 (the “Offering”). Due to current market conditions, the fully-subscribed Offering will now consist of up to 7,500,000 units at a price of $0.20 per unit for gross proceeds of up to $1,500,000. Each unit will consist of one common share of the company and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase an additional common share at a price of $0.30 for a period expiring two years following the closing date of the Offering.
Finder’s fees may be payable to parties at arm’s length to Nevada Sunrise that have introduced the Company to certain subscribers participating in the Offering. Proceeds of the Offering will be used for exploration on the Company’s mineral properties in Nevada and for general working capital. All securities issued in the Offering are subject to a four–month hold period, during which time the securities may not be traded. The securities described herein have not been registered under the US Securities Act of 1933, as amended , and may not…
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