HomeInvesting“Sun’s Up for Nevada: Final Tranche of Private Placement Closes

“Sun’s Up for Nevada: Final Tranche of Private Placement Closes

Nevada Sunrise Gold Corporation recently announced the close of the sixth tranche of a non-brokered private placement offering for $47,755. The placement was held to raise a total of up to $2,500,000 in the form of 5,000,000 common shares at $0.50 per share.

The company intends to use the proceeds of the placement to purchase equipment for their exploration and development projects, as well as for general working capital purposes.

Nevada Sunrise is the owner of numerous gold and lithium properties in the southwestern United States. The company is currently focused on developing its Goldstone and Clayton Valley lithium resources in Nevada, as well as Hope Springs and Dirty Mike gold deposits in the Crusher District of Elko County, Nevada. In both areas, the company owns a 100% interest in 116 unpatented mining claims.

Based on their progress to date, Nevada Sunrise is proving to be a leader in the exploration and development of both lithium and gold resources in the region.

The company plans to continue aggressive exploration on its existing properties. More recently, in June 2019, Nevada Sunrise successfully drilled 2,700 metres at its Hope Springs gold project. Results are still pending and will be released in due course.

Overall, the company is making great progress towards their goal of becoming a significant Lithium producer. The success of the private placement is another milestone in the development of the company’s future plans.

It represents a strong show of support from investors, and the funds raised will be significant in helping them bring their projects to fruition. With a proven track record of success, Nevada Sunrise looks to be in a great position to make further inroads towards achieving their objectives.