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Warrant Purchases Raise $1.68M for NSGold; Dilutes Existing Shareholders 12.5%

NSGold Corp (NSX.V) -- soon to become NSX Resources -- has $1.68 million in new cash after investors exercised nearly 4 million warrants and broker options prior to their June 18 expiration. The fresh capital boosts NSX Resources' cash reserves to $2.5 million and ensures that the company's Dios Padre silver project in Mexico and Mooseland gold project in Nova Scotia are fully funded.

The purchase of the additional stock diluted existing shareholders by about 12.5%. NSX shares are unchanged today at $0.50

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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