TSXV: NEV
VANCOUVER, May 29,
2020 /CNW/ - Nevada Sunrise Gold Corporation ("Nevada
Sunrise" or the "Company") (TSXV: NEV) plans to make an
application to the TSX Venture Exchange (the "TSXV") to amend the
term of an aggregate of 2,450,000 outstanding share purchase
warrants, (the "Warrants") which were issued in connection with a
non-brokered private placement (see Nevada Sunrise news release
regarding the private placement dated June
16, 2016).
The Company is seeking to extend the term of the Warrants for an
additional year, which would extend the expiry date to June 16, 2021. The exercise price of the Warrants
will remain unchanged, at $0.25 per
Warrant. The application to extend the expiry date of the Warrants
is subject to acceptance by the TSXV.
The Warrants were previously amended in May 2018, which had extended the term until
June 16, 2020, and reduced the
exercise price from $0.32 to
$0.25.
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% interest in a joint
venture with Liberty Gold Inc. (TSX: LGD) at the Kinsley Mountain
Gold Project near Wendover, with
the property subject to a 3.0% net smelter returns royalty.
Nevada Sunrise has the right to earn a 100% interest in the
historic Lovelock Cobalt Mine and Treasure
Box copper property, each located approximately 150
kilometers (100 miles) east of Reno, both of which are currently under option
to Global Energy Metals Corp. (TSXV: GEMC) who can earn up to an
85% participating interest from the Company. In September 2018, Nevada Sunrise acquired the right
to earn a 100% interest in the Coronado VMS Project, located in
Pershing County, approximately 48
kilometers (30 miles) southeast of Winnemucca.
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 within the Clayton Valley basin
near Silver Peak, 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.
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.
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