TSXV: NEV
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