NV Gold Corporation
TSX VENTURE : NVX

NV Gold Corporation

November 21, 2016 08:00 ET

NV Gold Corporation: Update on Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 21, 2016) -

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NV Gold Corporation (TSX VENTURE:NVX) (the "Company") announced today that it plans to close on the $771,900 in subscriptions it has received to date for the private placement of Units at $0.30 per Unit originally announced by it on November 2, 2016. The subscribers have waived the condition that a minimum of $1,200,000 in subscriptions be received. The Company is continuing to make efforts to sell additional Units.

On behalf of the Board of Directors,

John E. Watson, President and CEO

For further information, visit the Company's website at www.nvgoldcorp.com.

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

Forward-Looking Statements

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, the statement regarding the planned closing on $771,900 in Units is a forward-looking statement that involves various risks and uncertainties. There can be no assurance that such statement will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include regulatory issues, market prices, availability of capital and financing, general economic, market or business conditions, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

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