NevGold Corp T.NAU

Primary Symbol: V.NAU Alternate Symbol(s): NAUFF

Metals & Mining Industrial Metals & Minerals

NevGold Corp. is a Canada-based exploration and development company targeting large-scale mineral systems in the districts of Nevada and Idaho. The Company owns a 100% interest in the Limousine Butte and Cedar Wash gold projects in Nevada, and the Nutmeg Mountain gold project and Zeus copper project in Idaho. The Limousine Butte Project is located within the Basin and Range physiographic province of east-central Nevada. The deposits of the Limousine Butte Project are Carlin-type deposits, sediment-hosted, with disseminated gold. The Nutmeg property consists of approximately 1,724 hectares and comprises 210 federal unpatented lode mining claims, 12 patented claims, and two leases of private land. Its Cedar Wash project is a high-potential, advanced exploration prospect located in Lincoln County, 75 kilometers southeast of Pioche, on the southern flank of the Clover Mountains. Zeus copper project is approximately 40 kilometers northwest of the Nutmeg Mountain gold project.

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NevGold Corp

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Post by sysaphuson Feb 12, 2012 12:33pm

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Post# 19522264

205 million shares at $1.21. LOL

"Subject to fulfillment of the conditions for completion of the Equity Offering, the Company will issue approximately 205 million shares at an issue price of NOK 7.00 / CAD 1.21* per share, raising gross proceeds of the equivalent to USD 250 million. The Equity Offering was significantly oversubscribed, with total demand in the book at the time of closing in excess of USD 500 million."

You know whats happening on Monday.

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