Announces Fully Allocated Upsizing of Non-Brokered Private Placement to $9.94-Million
Summary
A new strategic shareholder to the Company is subscribing for $2,000,000.Proceeds of the Non-Brokered Private Placement will be used to advance the Companys Atlanta Gold Mine Project and for working capital purposes of Nevada King.Closing of the Non-Brokered Private Placement remains subject to customary conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange (TSX-V). Starting in 2016 the Company has staked large project areas hosting significant historical exploration work along the Battle Mountain trend located close to current or former producing gold mines. These project areas were initially targeted based on their potential for hosting multi-million ounce gold deposits and were subsequently staked following a detailed geological evaluation. See the NI 43-101 Technical Report on Resources titled Atlanta Property, Lincoln County, NV with an effective date of October 6, 2020, and a report date of December 22, 2020, as prepared by Gustavson Associates and filed under the Companys profile on SEDAR+ (www.sedarplus.com).The scientific and technical information in this news release has been reviewed and approved by Calvin R. Herron, P.Geo., who is a Qualified Person as defined by NI 43-101.Please see the Companys website at www.nevadaking.ca.For more information, contact Collin Kettell at [email protected] or (845) 535-1486.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This news release contains certain forward-looking information and forward-looking statements (collectively forward-looking statements) within the meaning of applicable securities legislation. Nevada King does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.