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Press Release - Nayarit Gold Inc. (NYG-TSXV) |
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“On Value and Vision, we believe at current share prices we are undervalued, we have a significant amount of blue-sky potential, we have exceptional results from our initial drill program, and we have the experience in building companies and creating shareholder value. When people look at our company vs. others, I think that the underlying theme is that we have the team, the experience, and a property that is in a prolific district with a significant amount of potential...” - Colin P. Sutherland, CA (NYG) (Interview published January 11, 2008) |
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Toronto, Ontario January 11, 2008 Press Release 02 – 2008
Nayarit Gold Inc. Completes Non-Brokered Private Placement of $2,273,000 The Directors of Nayarit Gold Inc. (NYG – TSX.V) are pleased to announce the completion of a non-brokered private placement financing of $2,273,000 comprising the sale of 5,682,500 Units, sold at $0.40 per Unit which was first announced on January 2, 2008. Each Unit consists of one common share and one common share purchase warrant (“Warrant”). Each whole Warrant entitles the holder to acquire one common share for $0.60 until January 11, 2009 and for $0.70 until January 11, 2010. In conjunction with the financing, a finder was paid a cash commission of $9,100 and issued 27,300 Warrants. All securities issued in conjunction with the offering are subject to a hold period, which expires on May 12, 2008.
Nayarit Gold Inc. is a Toronto based junior resource company dedicated to gold exploration in the proven precious metal districts of Mexico. Management’s goal is to rapidly build a profitable resource company and maximize shareholder value through successful exploration and aggressive testing of high quality targets.
For further information on Nayarit Gold please visit the company’s website at www.nayaritgold.com or contact: Mr. Colin P. Sutherland President & CEO (902) 252-3833 info@nayaritgold.com
CAUTIONARY STATEMENT
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain “forward-looking statements”. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Nayarit, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements 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 Nayarit’s expectations are exploration risks detailed herein and from time to time in the filings made by Nayarit with securities regulator.
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