NevGold Corp. announced a non-brokered private placement of up to 3,125,000 common shares at a price of CAD 0.32 per common share for gross proceeds of up to CAD 1,000,000 on December 20, 2023. The transaction will include participation from key insiders, existing and new strategic shareholders.

The transaction is expected to close on or about January 3, 2024, and is subject to the receipt of all necessary regulatory and other approvals, including, but not limited to, the approval of the TSX Venture Exchange. The common shares will be subject to a hold period of four months and one day from the closing date in accordance with applicable securities laws. The company may pay finder?s fees to certain finders in connection with the offering.