-- NevGold (NAU.V) on Monday said it is upsizing best-efforts private placement of shares to $42.2 million, up from its original $25-million target.
The company said it will now look to place 22.2 million shares priced of C$1.90 each.
The company plans to use proceeds for advancing its Limousine Butte antimony-gold project in Nevada, the Nutmeg Mountain gold project in Idaho, and for working capital and general corporate purposes.
The company's shares were last seen up $0.04 to $2.14 on the TSX Venture Exchange.
Price: $2.16, Change: $+0.06, Percent Change: +2.86%