NV Gold ( (TSE:NVX) ) has provided an announcement.
NV Gold Corporation announced that John Watson, its President, Chairman, CEO, and director, has increased his equity stake in the company by exercising 100,000 common share purchase warrants, generating $30,000 in proceeds. This move elevates Mr. Watson to a ‘Control Person’ status within the company, with his ownership now representing 20.25% of the company’s issued and outstanding shares. The company has secured the necessary shareholder approval for this change, which could impact its operations and governance.
More about NV Gold
NV Gold Corporation is an exploration company with approximately 10 million shares issued and outstanding. The company operates 21 exploration projects in Nevada, covering 53.4 square kilometers of 100%-owned lode mining claims. Based in Vancouver, BC, and Reno, NV, NV Gold focuses on mineral discoveries in Nevada, leveraging its property portfolio, experienced technical team, and extensive geological data library.
YTD Price Performance: -5.26%
Average Trading Volume: 17,979
Technical Sentiment Signal: Buy
Current Market Cap: C$1.5M
For an in-depth examination of NVX stock, go to TipRanks’ Stock Analysis page.