/NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES/
TSX Venture Exchange: NEV
VANCOUVER, BC, June 4, 2020 /CNW/ - Nevada Sunrise Gold
Corporation ("Nevada Sunrise" or the "Company") (TSXV: NEV)
announced today a private placement (the "Offering") of up to
$210,000, consisting of 7,000,000
units (the "Units") at a price of $0.03 per Unit, each Unit consisting of one
common share of the Company and one common share purchase warrant
(a "Warrant"). Each Warrant will entitle the holder to
purchase one common share at a price of $0.05 for a period expiring two years following
the closing date of the Offering.
Finder's fees may be payable to parties at arm's length to
Nevada Sunrise that have introduced the Company to certain
subscribers participating in the Offering. Proceeds of the Offering
will be used for general working capital. The Offering is subject
to acceptance of the TSX Venture Exchange.
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