debt consolidation companies nevada

Nevada Sunrise Announces Closing of Debt Settlement

TSX Venture Exchange: NEV

Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") (TSXV: NEV) announces that following its news release of June 21, 2021 it has received approval from the TSX Venture Exchange ("TSXV") for a shares-for-debt transaction to settle an aggregate of $18,793.48 in indebtedness to the Company's independent directors through the issuance of 221,099 common shares of the Company (the " Settlement Shares "), at a deemed price of $0.085 per Settlement Share (the " Debt Settlement "). Accordingly, the Company announces that it has completed the Debt Settlement. The Settlement Shares are subject to the statutory hold period of four months and a day, expiring December 1, 2021 .

Related Party Transactions

Because the Settlement Shares will be issued to directors of the Company, the Debt Settlement will constitute a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (" MI 61-101 "), which is incorporated into Policy 5.9 of the TSXV Corporate Finance Manual.

The Board of Directors of the Company has determined that neither the value of the shares issued to, nor the aggregate debt settled with respect to, any directors or officers of the Company in connection with the Debt Settlement will exceed 25% of the Company's market capitalization on the date the Debt Settlement was agreed to and on the date hereof. As a result, the Debt Settlement is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

About Nevada Sunrise

Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC , Canada , that holds interests in gold, copper, cobalt and lithium exploration projects located in the State of Nevada, USA .

The Company's key gold asset is a 20.01% interest in a joint venture with New Placer Dome Gold Corp. (TSXV: NGLD) at the Kinsley Mountain Gold Project near Wendover . Kinsley Mountain is a Carlin-style gold project hosting a National Instrument 43-101 compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 g/t gold (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t gold (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t gold 1 .

1 Technical Report of the Kinsley Project, Elko and White Pine Counties, Nevada, U.S.A. , effective May 5, 2021 and prepared by Michael M. Gustin , CPG, and Gary L. Simmons , MMSA Q.P. filed on SEDAR under New Placer Dome Gold Corp.'s Issuer Profile ( www.sedar.com ).

Nevada Sunrise has right to earn a 100% interest in the Coronado VMS Project, located approximately 48 kilometers (30 miles) southeast of Winnemucca . The Company owns a 15% interest in the historic Lovelock Cobalt Mine and the Treasure Box copper properties, each located approximately 150 kilometers (100 miles) east of Reno , with Global Energy Metals Corp. (TSXV: GEMC) holding an 85% participating interest.

Nevada Sunrise owns 100% interests in the Jackson Wash and Gemini lithium projects, both of which are located in Esmeralda County . The Company owns Nevada water right Permit 44411, located in the Clayton Valley basin near Silver Peak, Nevada , and water right Permit 86863, located in the Lida Valley basin, near Lida, Nevada .

FORWARD-LOOKING STATEMENTS

This release may contain forward- looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and may include disclosure of anticipated exploration activities. Although the Company believes the expectations expressed in such forward- looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements.

Forward – looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward- looking statements whether as a result of new information, future events or otherwise. Other risk factors are discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for the Six Months ended March 31, 2021 , which is available under Company's SEDAR profile at www.sedar.com .

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The securities of Nevada Sunrise Gold Corporation have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to the account or benefit of any U.S. person.

SOURCE Nevada Sunrise Gold Corporation

Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/July2021/30/c3191.html

News Provided by Canada Newswire via QuoteMedia

Nevada Sunrise Metals

Nevada Sunrise Metals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Nevada Sunrise Metals (TSXV:NEV)

Nevada Sunrise Metals

Advancing AI-assisted gold exploration in Nevada’s premier mining districts

Advancing AI-assisted gold exploration in Nevada’s premier mining districts Keep Reading...
Jeff Clark, gold and silver bars.

Jeff Clark: Gold, Silver Going Higher, I'm "Aggressively Buying"

Jeff Clark, founder of the Gold Advisor, shares his thoughts on gold's fall below the US$4,000 per ounce level, emphasizing that he sees it as a buying opportunity. "The bottom line for me is ... we're going to go a lot higher, so that's why I'm investing," he said.Don't forget to follow us... Keep Reading...
Jeff Valks, mine site.

Jeff Valks: Investing in Juniors? Focus on This, Not the Gold Price

Jeff Valks, senior analyst at the Gold Advisor, gives his take on gold's fall below US$4,000 per ounce and whether it impacts his approach to investing in junior miners. "When I'm looking at the juniors and looking at the junior price tag, I try to tell people (to) separate the spot price from... Keep Reading...
Facade of New York Stock Exchange with tall columns and three flags below.

Barrick Names North American Gold Spinoff, Files NYSE IPO

Barrick Mining's (TSX:ABX,NYSE:B) North American gold spinoff now has a confirmed name and ticker. The miner announced on Tuesday (November 10) that it has named the new company American Barrick Gold, and that American Barrick has filed a registration statement with the US Securities and... Keep Reading...
Wooden blocks with letters "M&A" on chessboard with black and white chess pieces facing each other.

Altius to Add Copper, Lithium Royalties with TNR Gold Deal

Altius Minerals (TSX:ALS,OTCQX:ATUSF) has agreed to acquire TNR Gold (TSXV:TNR,OTCPL:TRRXF) to expand its copper and lithium exposure in Argentina, picking up royalties on McEwen Copper’s Los Azules project and Ganfeng Lithium's (HKEX:1772,OTCPL:GNENF) producing Mariana operation.“This... Keep Reading...
View from a helicopter departing HiView Resources’ and Omega Pacific’s 2026 exploration camp

Toodoggone: Gold, Silver and Copper District in British Columbia

BC's Toodoggone district is reemerging as a hub for gold, copper and silver.The Toodoggone is continuing to gain attention and renewed exploration. With a history of mining activity demonstrated by past-producing, ongoing development of advanced-stage projects and new discoveries, the district... Keep Reading...
iMetal Resources Files Gowganda West Technical Report

iMetal Resources Files Gowganda West Technical Report

iMetal Resources Inc. (TSXV: IMR) (OTCQB: IMRFF) (FSE: A7VA) ("iMetal" or the "Company") is pleased to announce the filing of a technical report (the "Report"), dated effective October 15, 2026, for its flagship Gowganda West gold project. The Report is authored by R. Tim Henneberry, P.Geo., a... Keep Reading...
Nevada Sunrise Metals

Nevada Sunrise Metals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Interactive Chart

Latest Press Releases

Related News