Nevado Resources Corporation

Nevado Resources Corporation

December 24, 2009 11:49 ET

Nevado Venture Capital Corporation: Qualifying Transaction-Filing of the Filing Statement

MONTREAL, QUEBEC--(Marketwire - Dec. 24, 2009) - Nevado Venture Capital Corporation (TSX VENTURE:NVD.P) (the "Corporation" or "Nevado") is proud to announce it has obtained the regulatory authorities' approval to file its filing statement, which is currently available on SEDAR, in the scope of its qualifying transaction for the purchase of five (5) properties comprising 764 mining claims (hereinafter, the "Properties") in the Thetford Mines and Baie-Comeau regions and a private placement financing of $600,000. Consequently, the Corporation intends to complete its qualifying transaction before the end of the year.

Once the qualifying transaction is completed, namely the acquisition of the Properties, the Corporation intends to complete a flow-through private placement of a maximum of $2,050,000 with several investors, subject to the TSX Venture Exchange and other regulatory authorities' approval.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Nevado Venture Capital Corporation
    Andre Bergeron