Nevado Resources Corporation

Nevado Resources Corporation

November 28, 2013 14:05 ET

NEVADO Completes $180,000 First Tranche of a $300,000 Private Placement

MONTREAL, QUEBEC--(Marketwired - Nov. 28, 2013) - NEVADO RESOURCES CORPORATION (TSX VENTURE:VDO)(FRANKFURT:NSV) ("NEVADO" or the "Company") is pleased to report today a first closing for $180,000 on a maximum $300,000 private placement.

The first tranche of the private placement consisted of the issuance of 1,800,000 common shares priced at $0.10 per share and 1,800,000 warrants. Each warrant entitles its holder to purchase one common share of the Company at $0.20 within a 12-month period following the closing.

NEVADO will use the proceeds for working capital purposes. The securities issued under the private placement are subject to a resale restriction period of four months and one day.

The private placement is subject to regulatory approval.

About Nevado Resources Corporation

NEVADO is a junior strategic metals company with properties in Northern Quebec. The Company is currently focused on advancing its world-class La Blache titanium-vanadium-iron project. NEVADO also owns the Fermont project, a graphite property adjacent to Focus Graphite's Lac Knife deposit.

This news release was reviewed and approved by Michael Curtis, President and Chief Executive Officer of NEVADO.

Neither the 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 news release. The statements made in this news release that are not historical facts are "forward-looking statements" and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking" statements.

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