NevGold Announces Closing of Shares-For-Debt Transaction
Vancouver, British Columbia, March 11, 2024 (GLOBE NEWSWIRE) — NevGold Corp. (“NevGold” or the “Company”) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce the closing of a previously-announced shares for debt transaction, as described in the press release of the Company dated February 16, 2024 (the “Shares-for-Debt Transaction”). NevGold has settled debt in the amount of C$135,000 (the “Debt”) previously owed to an arm’s-length creditor by issuing an aggregate of 421,875 common shares in the capital of the Company (the “Common Shares”) at a price of $0.32 per Common Share to the creditor. The NevGold Board of Directors determined that it was in the best interests of the Company to settle the outstanding Debt by the issuance of Common Shares in the interest of preserving the Company’s cash for ongoing operations.
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