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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 10, 2016) - Nevada Exploration Inc. ("NGE" or the "Company") (TSX VENTURE:NGE)(OTCQX:NVDEF) is pleased to announce that it has closed, subject to final TSX Venture Exchange approval, the non-brokered private placement offering announced on August 3, 2016, issuing 2,000,000 units (the "Units") at a price of $0.3525 per Unit (the "Offering"), for total gross proceeds of $705,000. Each Unit consists of one common share and one-half of one transferable common share purchase warrant. Each whole warrant entitles the holder to purchase one common share at an exercise price of $0.60 for a period of 18 months. All securities issued are subject to a four month plus one-day hold period expiring December 11, 2016. Proceeds from the offering will be used to advance NGE's exploration projects, as well as for general working capital. |
