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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (3630)	1/10/2014 3:31:46 PM
From: Goose94	Read Replies (1) \| Respond to of 203329

Nevada Sunrise Gold (NEV-V) Jan 10, '14 has closed the first tranche of its non-brokered $620,000 private placement of 6.2 million units at a price of 10 cents per unit, with each unit consisting of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase an additional common share at an exercise price of 15 cents per warrant share until Jan. 10, 2016.Nevada Sunrise placed 5.4 million units in the first tranche of the offering for gross proceeds of $540,000. In connection with closing the first tranche of the offering, the company paid a finder's fee of 5 per cent cash totalling $20,000 and issued 280,000 finder warrants, representing 7 per cent of the units placed by the finder. Each finder warrant will entitle the holder thereof to purchase a unit in Nevada Sunrise at a price of 10 cents per unit, exercisable at any time for 24 months following issuance. All securities issued in the offering are subject to a four-month hold period until May 10, 2014, during which time the securities may not be traded. Proceeds from the offering will be used to finance the exploration of the company's Nevada precious metals properties and as general working capital.