Featuring: publicly traded & venture capital companies on the U.S. (NYSE, NASDAQ, AMEX & OTC: BB) and Canadian (TSX & TSX-V) stock exchanges, Investment & Money Management Ideas. |
|
|
Press Release - Nayarit Gold Inc. (NYG-TSXV) |
|
|
“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) |
The Most Powerful Name In Corporate News and Information. |
|
CURRENT ISSUE | COVER ARCHIVES | INDEX | CONTACT | FINANCIALS | MARKETING SERVICES | HOME PAGE |
|
Toronto,
Ontario Press Release 010 – 2008 Nayarit Gold Inc. Proposes Brokered Private Placement of $7 Million The Directors of Nayarit Gold Inc. (NYG – TSX.V) are pleased to announce that Evergreen Capital Partners Inc. has been retained as lead agent to complete a best efforts private placement financing of up to $7.0 million comprising the sale of up to 12,500,000 Units, sold at $0.56 per Unit, subject to regulatory approval and closing. Each Unit consists of one common share and one common share purchase warrant. Each whole warrant entitles the holder to acquire one common share for $0.75 for a period of two years after closing. All securities issued in conjunction with the offering are subject to a hold period, which expires four months after closing. The Corporation may issue up to an additional 3,125,000 Over-Allotment Units on the same terms for an additional gross proceeds of $1,750,000.
In
connection with this offering, the agents will be paid a cash
commission of 6.0% of the gross proceeds of the Units sold, and
will be issued broker warrants to acquire that number of Units
equal to 6.0% of the number of Units sold exercisable at $0.56
per Unit for a period of two years after closing. 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 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 regulators.
|
|
