NexGold Mining Corp. (
TSXV: NEXG; OTCQX:
TSRMF) (“
NexGold” or the
“
Company”) is pleased to announce that effective
as of today, the Company has changed its name from “Treasury Metals
Inc.” to “NexGold Mining Corp.” and completed a consolidation of
the Company’s issued and outstanding shares
(“
Shares”) on the basis of one post-consolidation
Share for every four pre-consolidation Shares (the
“
Consolidation”). The Shares will be trading under
the symbol “NEXG” on the TSX Venture Exchange
(“
TSXV”) effective as of market open on July 10,
2024.
Morgan Lekstrom, President of NexGold, commented
“We believe the name NexGold Mining Corp. will resonate well with
shareholders, current and future, as a growth-oriented gold company
focused on near term production projects. The advancement of the
Goliath Gold Complex is one step in building the vision of a
multi-asset gold producer, along with assembling a team of expert
mine builders, financiers and long-term supportive shareholders.
Momentum and ability to execute place NexGold in a strong position
to create long-term shareholder value.”
As a result of the Consolidation, the number of
issued and outstanding Shares will be reduced from 304,410,407 to
approximately 76,102,374, subject to adjustment for rounding. The
Consolidation was conditionally approved by the TSXV and the Shares
are expected to begin trading on a post-Consolidation basis on the
TSXV when markets open on or about July 10, 2024.
In addition, the Company announces that in
connection with its previously announced transaction with Blackwolf
Copper and Gold Ltd., it has paid a success fee in connection with
advisory services to Haywood Securities Inc. Part of this fee was
satisfied by the issuance of 1,236,400 pre-consolidation Shares at
a deemed price of $0.2022 per pre-consolidation Share. The issuance
of these Shares remains subject to the approval of the TSXV and the
Shares are subject to a four month and one-day hold period in
accordance with Canadian securities laws.
About NexGold Mining Corp.
NexGold Mining Corp. is a gold-focused company
with assets in Canada. NexGold’s Goliath Gold Complex (which
includes the Goliath, Goldlund and Miller deposits) is located in
Northwestern Ontario. For information on the Goliath Gold Complex,
refer to the technical report, prepared in accordance with
NI 43-101, entitled “Goliath Gold Complex – NI 43-101
Technical Report and Prefeasibility Study” and dated March 27, 2023
with an effective date of February 22, 2023, led by independent
consultants Ausenco Engineering Canada Inc. The technical report is
available on SEDAR+ at www.sedarplus.ca, on the OTCQX at
www.otcmarkets.com and on the Company website at
www.nexgold.com.
The Company also owns several other projects
throughout Canada, including the Weebigee-Sandy Lake Gold Project
JV, and grassroots gold exploration property Gold Rock. In
addition, NexGold holds a 100% interest in the high-grade Niblack
copper-gold-zinc-silver VMS project, located adjacent to tidewater
in southeast Alaska, as well as five Hyder Area gold-silver and
base metal properties in southeast Alaska. NexGold is committed to
inclusive, informed and meaningful dialogue with regional
communities and Indigenous Nations throughout the life of all our
Projects and on all aspects, including creating sustainable
economic opportunities, providing safe workplaces, enhancing of
social value, and promoting community well-being. For further
details about NexGold, please visit the Company’s website at
www.nexgold.com.
Contact:
Morgan LekstromPresidentNexGold Mining Corp.T: +1 416-214-4654;
Toll-free: +1-855-664-4654Email: ir@nexgold.com |
Orin BaranowskyCFO |
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Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Cautionary Note Regarding
Forward-Looking Information This news release includes
certain “forward-looking information” and “forward-looking
statements” (collectively, forward-looking statements”) within the
meaning of Canadian and United States securities legislation that
is based on expectations, estimates, projections and
interpretations as at the date of this news release, including but
not limited to the effect of the Consolidation on the Company’s
capital structure, including the number of Shares outstanding after
the Consolidation; and the expected trading date of the
post-Consolidation Shares on the TSXV. Any statement that involves
predictions, expectations, interpretations, beliefs, plans,
projections, objectives, assumptions, future events or performance
(often, but not always, using phrases such as “expects”, or “does
not expect”, “is expected”, “interpreted”, “management’s view”,
“anticipates” or “does not anticipate”, “plans”, “budget”,
“scheduled”, “forecasts”, “estimates”, “potential”, “feasibility”,
“believes” or “intends” or variations of such words and phrases or
stating that certain actions, events or results “may” or “could”,
“would”, “might” or “will” be taken to occur or be achieved) are
not statements of historical fact and may be forward-looking
statements and are intended to identify forward-looking
statements.
Since forward-looking statements address future
events and conditions, by their very nature they involve inherent
risks and uncertainties. Actual results could differ materially
from those currently anticipated due to a number of factors and
risks. These include, but are not limited to, obtaining TSXV
acceptance to complete the Share issuance to Haywood, exploration
and production for precious metals; delays or changes in plans with
respect to exploration or development projects or capital
expenditures; the uncertainty of resource estimates; health, safety
and environmental risks; worldwide demand for gold and base metals;
gold price and other commodity price and exchange rate
fluctuations; environmental risks; competition; incorrect
assessment of the value of acquisitions; ability to access
sufficient capital from internal and external sources; the risk
factors listed in the Company’s latest annual information form
filed on SEDAR+ at www.sedarplus.ca; and changes in legislation,
including but not limited to tax laws, royalties and environmental
regulations. Actual results, performance or achievement could
differ materially from those expressed in, or implied by, the
forward-looking statements and, accordingly, no assurance can be
given that any of the events anticipated by the forward-looking
statements will transpire or occur, or if any of them do so, what
benefits may be derived therefrom and accordingly, readers are
cautioned not to place undue reliance on the forward-looking
statements. Treasury does not undertake to update any
forward-looking statements, except in accordance with applicable
securities laws.
Grafico Azioni Nexgold Mining (TSXV:NEXG)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni Nexgold Mining (TSXV:NEXG)
Storico
Da Dic 2023 a Dic 2024