Nevada Sunrise Boosts Private Placement to $600,000

Nevada Sunrise Gold Corporation (TSXV:NEV) announced that it has increased the size of the non-brokered private placement announced on Sept. 28, 2015, from up to three million units to four million units at a price of 15 cents per unit for gross proceeds of up to $600,000.
As quoted in the press release:

The units will be issued on the same terms as those previously announced and will consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase an additional common share at an exercise price of 25 cents 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.
All securities issued in the Offering are subject to a four-month hold period, during which time the securities may not be traded. Closing of the offering is subject to the approval of the TSX Venture Exchange.
Proceeds from the offering will be used to finance exploration in the amount of approximately $400,000 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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