NV Gold Announces Secured Loan Terms
NV Gold Announces Secured Loan Terms
VANCOUVER, BC / ACCESSWIRE / April 19, 2024 / NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") announces that that it has entered into (i) a secured loan agreement with John Watson (the "Lender") pursuant to which the Lender provided a loan to the Company in the principal amount of US$50,000 (the "Secured Loan") and (ii) a share pledge agreement with the Lender, which secures an aggregate principal amount of US$400,000 in loans provided to the Company by the Lender to date, as described herein.
不列顛哥倫比亞省溫哥華/ACCESSWIRE /2024年4月19日/內華達黃金公司(多倫多證券交易所股票代碼:NVX)(OTCQB: NVGLF)(FSE: 8NV)(“NV Gold” 或 “公司”)宣佈已與約翰·沃森(“貸款人”)簽訂了(i)擔保貸款協議,貸款人根據該協議向公司提供本金爲5萬美元的貸款(“擔保貸款”)和(ii)與貸款人簽訂的股票質押協議,該協議爲貸款人迄今爲止向公司提供的總額爲40萬美元的貸款提供擔保,如本文所述。
The Company previously entered into loan agreements with the Lender on June 26, 2023, July 10, 2023, September 18, 2023 and January 22, 2024, pursuant to which the Lender provided the Company with loans in the aggregate principal amount of US$350,000 (the "Prior Loans" and together with the Secured Loan, the "Loans").
該公司此前曾於2023年6月26日、2023年7月10日、2023年9月18日和2024年1月22日與貸款人簽訂了貸款協議,根據該協議,貸款人向公司提供了本金總額爲35萬美元的貸款(“先前貸款”,連同擔保貸款,“貸款”)。
Each of the Loans bears interest at a rate of 12% per annum, compounded annually, and have a maturity date which is the earlier of one year from the effective date of the applicable loan agreement and the date the Lender demands repayment of the applicable Loan.
每筆貸款的年利率爲12%,按年複利,到期日是自適用貸款協議生效之日起一年中較早的一年,也就是貸款人要求償還適用貸款之日。
As security for the aggregate principal amount of the Loans and the Company's performance under each loan agreement, the Company and the Lender entered into a share pledge agreement. Pursuant to the share pledge agreement, the Company pledged to the Lender all of the issued and outstanding common shares of NV Gold Corporation (USA), Inc. (the "NV Gold USA"), a wholly-owned subsidiary of the Company, which holds the Company's mineral projects and lease agreements in the United States.
作爲貸款本金總額和公司在每份貸款協議下的業績的擔保,公司和貸款人簽訂了股票質押協議。根據股票質押協議,公司向貸款人質押了公司的全資子公司NV Gold Corporation(美國),Inc.(“NV Gold USA”)的所有已發行和流通普通股,該公司在美國持有公司的礦產項目和租賃協議。
Multilateral Instrument 61-101
The issuance of the Loans and entering into of the share pledge agreement are each a "related party transaction" under Multilateral Instrument 61-101- Protection of Minority Security Holders in Special Transactions ("MI 61-101") as the Lender is an insider of the Company. The Company has relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(f) of MI 61-101 on the basis that the transactions did not exceed 25% of the fair market value of the Company's market capitalization and the Loans are on reasonable commercial terms that are not less advantageous to the Company than if the Loans were obtained from a person dealing at arm's length with the Company. The Company did not file a material change report more than 21 days before the entering into of the share pledge agreement as the terms of the share pledge agreement were not settled until shortly prior to execution and the Company and the parties wished to close the share pledge agreement on an expedited basis for sound business reasons.
多邊文書 61-101
根據第61-101號多邊文書(“MI 61-101”),貸款的發行和股票質押協議的簽訂均屬於 “關聯方交易” ——在特殊交易中保護少數股權持有人,因爲貸款人是公司的內部人士。公司依賴密歇根州61-101號文件第5.5(a)和5.7(1)(f)節中MI 61-101的估值和少數股東批准要求的豁免,理由是這些交易不超過公司市值公允市場價值的25%,而且貸款的商業條件對公司的有利程度不亞於從與公司保持距離的人那裏獲得貸款。由於股票質押協議的條款直到執行前不久才結算,該公司在股票質押協議簽訂前21天沒有提交重大變更報告,而且出於合理的業務原因,公司和各方希望儘快完成股票質押協議。
Stock Option Grant
Effective April 19, 2024 the Company granted an aggregate of 420,000 stock options to certain directors, officers and employees of the Company at a price of $0.29 per share for a period of five years. The options are subject to regulatory approval and are granted under the Company's stock option plan.
股票期權授予
自2024年4月19日起,公司以每股0.29美元的價格向公司的某些董事、高級管理人員和員工共授予了42萬份股票期權,爲期五年。這些期權須經監管部門批准,並根據公司的股票期權計劃授予。
About NV Gold Corporation
NV Gold owns 100% interest in 21 mineral exploration projects in Nevada, USA, comprising 639 mining claims totalling 53.4 square kilometers (20.6 square miles). The Company is based in Vancouver, British Columbia, and is focused on delivering value through mineral discoveries in Nevada. Leveraging its expansive property portfolio, its highly experienced in-house technical team, its extensive geological data library, and the recent increase in the price of gold, 2024 is expected to be highly productive for NV Gold.
關於 NV 黃金公司
NV Gold擁有美國內華達州21個礦產勘探項目的100%權益,其中包括總面積爲53.4平方千米(20.6平方英里)的639份採礦索賠。該公司總部位於不列顛哥倫比亞省溫哥華,專注於通過在內華達州發現礦產來創造價值。憑藉其龐大的房地產投資組合、經驗豐富的內部技術團隊、龐大的地質數據庫以及近期金價的上漲,預計2024年NV Gold將實現高產量。
On behalf of the Board of Directors,
我代表董事會,
John Watson, President, Chairman, CEO and Director
For further information, visit the Company's website at or contact:
約翰·沃森,總裁、主席、首席執行官兼董事
欲了解更多信息,請訪問公司網站或聯繫:
Freeform Communications at 604.245.0054
Freeform Communications 致電 604.245.
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.
多倫多證券交易所風險投資交易所及其監管服務提供商(該術語在多倫多證券交易所風險投資交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
SOURCE: NV Gold Corporation
來源:內華達州黃金公司