Nevada Sunrise Announces Application to Amend Warrants Terms
VANCOUVER, Sept. 6, 2017 /CNW/ - Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") (TSXV: NEV) announces that it has made an application to the TSX Venture Exchange (the "TSXV") to amend the term of an aggregate of 1,299,998 outstanding share purchase warrants, (the "Warrants") which were issued in connection with a non-brokered private placement (see Nevada Sunrise news releases dated March 18, 2016 and April 20, 2016). On March 18, 2016, the Company issued 567,916 warrants (the "March 2016 Warrants") and on April 20, 2016 the Company issued 832,082 warrants (the "April 2016 Warrants").
The Company is seeking to extend the term of the Warrants for an additional two years. The March 2016 Warrants would be extended to September 18, 2019 and the April 2016 Warrants would be extended to October 20, 2019. The exercise price of the Warrants will remain unchanged, at $0.30 per Warrant.
The application to extend the expiry date of the Warrants is subject to acceptance by the TSXV.
About Nevada Sunrise
Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC, Canada, that holds interests in nine mineral exploration projects in the State of Nevada, USA.
Nevada Sunrise began acquisitions of Nevada lithium properties in September 2015, which includes options to earn a 100% interest in the Neptune project (Resolve Ventures Inc. TSXV: RSV owns a 25% interest in Neptune), the Clayton Northeast and Triton projects, and a 100% interest in the Aquarius project, all located in the Clayton Valley area. The Company also holds options to earn 100% interests in the Jackson Wash and Atlantis lithium projects, and has a 50% interest in the Gemini lithium project, each located in playas proximal to the Clayton Valley. The Company later optioned six of its Nevada lithium projects to Advantage Lithium Corp., who maintains a 51% interest solely in the Clayton Northeast and Triton projects. The Atlantis project is currently under option to American Lithium Corp. (TSXV: LI).
The Company's two key gold assets include a 100% interest in the Golden Arrow project near Tonopah, currently the subject of an option earn-in transaction with Emgold Mining Corporation (TSXV: EMR) and a 21% interest in a joint venture with Liberty Gold Inc. (TSX: LGD, formerly Pilot Gold Inc.) at Kinsley Mountain near Wendover, with each of the properties subject to certain production royalties.
FORWARD LOOKING STATEMENTS
This release may contain forward‐looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward‐looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward‐looking statements whether as a result of new information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release. The Securities of Nevada Sunrise Gold Corporation have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to the account or benefit of any U.S. person.
SOURCE Nevada Sunrise Gold Corporation
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