Nevgold Corp (TSE:NAU) has released an update.
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NevGold Corp. has secured a convertible securities financing deal worth up to C$8 million with Mercer Street Global Opportunity Fund II, aiming to bolster its gold and copper projects in the Western USA. The financing, arranged in two tranches, will fund drilling and exploration activities at NevGold’s Nutmeg Mountain and Limousine Butte gold projects, as well as the Zeus copper project. CEO Brandon Bonifacio highlights the flexible structure of the deal, which is expected to facilitate rapid advancement and significant developments in the company’s portfolio.
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