Nevada Sunrise Closes First Tranche of Warrants from Its December 2009 Private Placement
Nevada Sunrise Gold Corp. announce that it has issued an aggregate of 2,000,000 common shares in the capital of the Company pursuant to the exercise of share purchase warrants of the Company previously issued to subscribers during the Company’s non-brokered private placement closed on December 29, 2009 (the “Warrant Exercise”). A total of 2,000,000 warrants were exercised at a price of $0.15 per warrant, yielding the Company gross proceeds of $300,000.
Proceeds from the Warrant Exercise will be used to fund the exploration of the Company’s North-American precious metals properties and as general working capital.
