NV Gold Completes Acquisition of Cortez-Trend Gold Project

NV Gold Corporation (TSX VENTURE:NVX) announced it has completed the purchase of a 100% interest, subject to a 1% NSR royalty, in the mineral claims which comprise the Afgan and Kobeh properties in Eureka County Nevada.

The press release is quoted as saying:

NV Gold acquired the property by paying the Vendor US$100,000 in cash and issuing the Vendor a US$100,000 promissory note due on or before June 14, 2011, 600,000 shares of the Company and 600,000 share purchase warrants of the Company (the “Warrants”) entitling the holder to purchase an additional 600,000 shares of NV Gold at a price of CDN $0.40 until June 14, 2012.

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