Nevada Sunrise Gold Corp.

Nevada Sunrise Gold Corp.

September 06, 2011 14:41 ET

Nevada Sunrise Closes Final Tranche of Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 6, 2011) -


NEVADA SUNRISE GOLD CORPORATION (the "Company") (TSX VENTURE:NEV) is pleased to announce that, further to its news releases dated June 21, 2011 and July 25, 2011, it has closed the second and final Tranche of its non-brokered private placement (the "Offering"). At the close of second Tranche, the Company has issued 2,002,000 units (the "Units") at a price of $0.05 per Unit, for gross proceeds of $100,100. Each Unit consists of one common share (a "Share") and one half of one common share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder to purchase an additional common share (a "Warrant Share") at a price of $0.10 per Warrant Share for a period of 18 months from the date of issuance.

In connection with the Offering, a finder's fee was paid to certain finders (the "Finders"). The Finders received an aggregate of $408 representing 8% of the gross proceeds from the sale of the Units and an aggregate of 10,200 warrants (the "B-Warrant") equal to 10% of the Units sold. Each B-Warrant entitles the holder to purchase one Share of the Company at a price of $0.10 per Share, for a period of 18 months from closing.

All securities issued under the private placement are subject to a four month hold period, expiring January 3, 2012, during which time the securities may not be traded.

Proceeds from the private placement will be used to fund exploration of the Company's North-American resource properties and for general working capital.

About Nevada Sunrise

For the latest details on the Company, its properties, management team and philosophy, please visit our website at

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.

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.

Contact Information

  • Nevada Sunrise Gold Corporation
    William B. Henderson
    President and Chief Executive Officer
    (530) 887-9901
    (530) 884-3822 (FAX)