Groundwater Chemistry is an important new exploration tool that can provide valuable geological information in covered settings. While government and industry have recently begun working together to develop groundwater chemistry exploration methodologies in other parts of the world, NGE is the first group to advance groundwater chemistry exploration in Nevada. NGE is well ahead of the competition in the practical application of groundwater chemistry for gold exploration. NGE has:
NGE has proven that elevated concentrations of gold in groundwater can provide a direct indication of gold in bedrock prior to investing resources in land acquisition or conventional exploration. NGE is the first exploration company in Nevada to emphasize the use of groundwater chemistry as a means of reducing risk and leveraging exploration resources into properties with the highest probability of success.
NGE's groundwater chemistry exploration technology has created a new field of investigation largely free from competition. For a comparably small investment, NGE is reducing Nevada's 100,000 square kilometres of covered valleys into discrete targets that warrant further exploration. NGE is Nevada's leader in groundwater chemistry exploration and the first to capitalize on this opportunity to identify, acquire, and evaluate targets that others cannot.
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Nevada Exploration Announces Private Placement December 5, 2012
Nevada Exploration Inc. ("NGE") (TSX-V:NGE) announces a non-brokered private placement offering of up to 10,000,000 units (the "Units") at a price of $0.10 per Unit (the "Offering"), for total gross proceeds of up to $1,000,000. Each Unit will consist of one common share and one-half of one non-transferable common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share at an exercise price of $0.15 for a period of one year, subject to an accelerated expiry provision described below. Proceeds from the offering will be used to advance NGE's exploration projects, and for general working capital.
The Offering is scheduled to close on or about December 20, 2012, and is subject to receipt of all necessary regulatory and stock exchange approvals. The securities issued at closing of the Offering will be subject to a four month hold period from the date of issue, as well as to any other re-sale restrictions imposed by applicable securities regulatory authorities.
Subject to approval by the TSX Venture Exchange and applicable securities legislation, NGE may pay eligible arms-length finders a finder's fee of up to 8% of the gross proceeds raised, in addition to a number of Compensation Warrants equal to 8% of the total Units subscribed. The Compensation Warrants shall be issued on the same terms as the Warrants issued under the Offering.
If, on any 20 consecutive trading days after the issuance of the Units, the closing sales price (or closing bid price on days when there are no trades) of the common shares of NGE quoted on the TSX Venture Exchange is greater than $0.25, NGE may accelerate the expiry date of the Warrants to the 30th day after the date on which NGE gives notice to the Warrant holder of such acceleration.
The securities issued by NGE have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or the securities laws of any state of the United States, and may not be offered or sold in the United States absent registration, or an applicable exemption therefrom, under the 1933 Act and the securities laws of all applicable states.
Nevada Exploration Inc. Adds New Director September 25, 2012
Nevada Exploration Inc. ("NGE") (TSX.V:NGE) is pleased to announce the appointment of Mr. Antonio Ponte to the board of directors effective today.........
Nevada Exploration Inc. and McEwen Mining Inc. Establish New Gold Project South of Barrick's Cortez Mine September 24, 2012
Nevada Exploration Inc. ("NGE") (TSX.V:NGE) is pleased to announce that McEwen Mining Inc. ("McEwen Mining") has elected to designate a new gold project in Grass Valley, Nevada, as a Designated Property according to the generative Exploration Agreement previously announced.........