On May 17, 2021 it was announced that Nevgold Corp. (“Nevgold”) expects to complete a financing (the “Financing”) to raise minimum gross proceeds of $4,000,000 and maximum gross proceeds of $8,000,000, through the issuance on a brokered private placement basis of between 10,000,000 and 20,000,000 subscription receipts (the “Subscription Receipts”) at a price of $0.40 per Subscription Receipt.

In connection with the Financing, Nevgold will be engaging Red Cloud Securities Inc. (the “Agent”) to act as lead agent and sole bookrunner as part of a syndicate of other investment dealers. The Agent will have the option, exercisable in full or in part up to two days prior to the closing date of the Financing, to sell up to an additional 1,875,000 Subscription Receipts at a price of $0.40 per Subscription Receipt for additional gross proceeds of up to $750,000.

Peterson McVicar LLP acted for Red Cloud Securities Inc. with a team that included Dennis Peterson, Peter Georgas and Jude Gee.