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| Home : Nevada Exploration Closes $1,000,000 Private Placement |
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Dec 24
2012 |
Nevada Exploration Closes $1,000,000 Private Placement |
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 24, 2012) - Nevada Exploration Inc. ("NGE") (TSX VENTURE:NGE) is pleased to announce that it has closed, subject to TSX Venture Exchange final approval, the non-brokered private placement ("Offering") previously announced on December 5, 2012. NGE has issued 10,000,000 Units at a price of $0.10, for gross proceeds of $1,000,000. Each Unit consists of one common share and one-half of one non-transferable common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share at an exercise price of $0.15 for a period of one year, subject to an accelerated expiry provision described below (the "Warrants"). All shares issued are subject to a four month hold period expiring April 25, 2012, as well as to any other re-sale restrictions imposed by applicable securities regulatory authorities. The proceeds of this tranche will be used to advance NGE's exploration projects and for general working capital. |
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| Source:http://www.marketwire.com/mw/release.do?id=1740905&sourceType=3 |
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