Nevgold Corp (TSE:NAU) has released an update.
NevGold Corp. has successfully completed a shares-for-debt transaction, settling a C$135,000 debt by issuing 421,875 common shares at $0.32 each. This strategic move, approved by the TSX Venture Exchange, allows NevGold to conserve cash for its operations while the new shares are subject to a four-month hold period. The company focuses on gold project explorations in Nevada and Idaho.
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