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Nevado Resources Corp. (CVE:VDO,FRA:NSV) reports it has completed a first tranche of its previously-announced non-brokered private placement.

Nevado Resources Corp. (TSXV:VDO,FRA:NSV) reports it has completed a first tranche of its previously-announced non-brokered private placement.

The press release is quoted as saying,

Non Flow-Through Units, at a subscription price of $0.50 per unit, will consist of one (1) class “A” share of the capital stock of the Company (the “Common Share”) and one-half (1/2) common share purchase warrant (“NFT Warrant”) (collectively, the Common Shares and NFT Warrants are known as the “Non Flow-Through Units”). Each whole NFT Warrant will enable the holder thereof to acquire one (1) Non-flow-through Common Share at $0.70 any time until the date that is twenty four (24) months from the Closing Date (the “Expiry Date”).

For the complete press release, click here.

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