Nevada Sunrise Arranges $450,000 Private Placement

Nevada Sunrise Gold Corporation (TSXV:NEV) announced it has arranged a non-brokered private placement of up to three million units at a price of 15 cents per unit for gross proceeds of up to $450,000. Each Unit will consist of one common share of the Company and one common share purchase warrant.
As quoted in the press release:

Each whole Warrant will entitle the holder to purchase an additional common share (a “Warrant Share”) at an exercise price of $0.25 per Warrant Share for a period of 36 months from the date of issuance.
A commission and finder’s fee may be payable to parties at arm’s length to Nevada Sunrise that have introduced the Company to certain subscribers participating in the Offering. Insiders of the Company may participate in the Offering depending upon the level of demand from non-insiders who wish to subscribe to the Offering.
Proceeds from the Offering will be used to fund exploration in the amount of approximately $250,000 and acquisition costs of approximately $150,000 for the Company’s precious metals and lithium properties in Nevada, and $50,000 for general working capital.

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