Nevada King Gold Corp (TSE:NKG) has released an update.
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Nevada King Gold Corp has successfully completed an oversubscribed non-brokered private placement, raising $9.94 million through the sale of over 28 million shares at $0.35 each. The funds, contributed by insiders, significant shareholders, and a new strategic investor, are earmarked for the advancement of the Atlanta Gold Mine Project and general working capital. The placement, subject to a four-month statutory hold and TSX Venture Exchange final acceptance, strengthens the company’s financial position without finder’s fees.
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