/NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES./
TSXV: NEV
VANCOUVER, Feb. 10, 2016 /CNW/ - Nevada Sunrise Gold
Corporation ("Nevada Sunrise" or the "Company") (TSXV: NEV) is
pleased to announce that it has arranged a non-brokered private
placement of up to 1,100,000 units (the "Units") at a price of
$0.18 per Unit (the "Offering") for
gross proceeds of up to $198,000.
Each Unit will consist of one common share of the Company (a
"Share") and one-half of one common share purchase warrant (a
"Warrant"). Each whole Warrant will entitle the holder to purchase
one common share (a "Warrant Share") at a price of $0.30 for a period expiring on the earlier of two
years following the closing date of the Offering.
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.
All securities issued in the Offering are subject to a fourmonth
hold period, during which time the securities may not be traded.
The securities described herein have not been registered under the
U.S. Securities Act of 1933, as amended, and may not be offered or
sold in the United States unless
registered under the Act or unless an exemption from registration
is available. Closing of the Offering is subject to the
approval of the TSX Venture Exchange.
Proceeds from the Offering will be used to fund the exploration
of the Company's Nevada lithium
and precious metals properties and as general working capital.
FORWARD LOOKING STATEMENTS
This release may contain
forwardlooking 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. Although the Company believes the
expectations expressed in such forwardlooking 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. Forwardlooking
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 forwardlooking statements whether as a result
of new information, future events or otherwise.
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 of 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