Nass Valley Announces Non-Brokered Private Placement



    Trading Symbols
    ---------------
    CNQ: NVGL
    Germany: WKN A0MNSR/
    ISIN CA6315201039

    The securities being offered have not been, nor will be, registered under
    the United States Securities Act of 1933, as amended, and may not be
    offered or sold in the United States or to U.S. persons without
    registration or applicable exemption from the registration requirement of
    such Act. This release does not constitute an offer for sale of such
    securities in the United States of America.

    VANCOUVER, June 19 /CNW/ - Nass Valley Gateway Ltd. (the Company) wishes
to announce it will use its best efforts to sell by private placement up to
3,000,000 of Flow-Through Units at $0.22 per unit (FT-Unit) and up to
3,000,000 of Non-Flow Through Units at $0.18 per unit (NFT-Unit). Each FT-Unit
will be comprised of one flow-through common share and one-half of one
transferable common share purchase warrant. Each whole warrant forming part of
an FT-Unit is exercisable for one additional non flow-through common share at
$0.25 per share for a period of one year from the date of closing. Each
NFT-Unit will be comprised of one common share and one-half of one
transferable common share purchase warrant. Each whole warrant forming part of
an NFT-Unit is exercisable for one additional non flow-through common share at
$0.20 per share for a period of one year from the date of closing.
    The Company will apply the proceeds from the private placement towards
its next phase of its exploration program on its Bay Point Project located in
British Columbia and for working capital to fund ongoing operations and
acquisitions.
    The Company may pay a finder's fee in connection with the private
placement.
    Certain directors and officers of the Company may acquire units under the
private placement. Any such participation would be considered to be a related
party transaction as defined under Multilateral Instrument 61-101 (MI 61-101).
The transaction will be exempt from the formal valuation and minority
shareholder approval requirements of MI 61-101 as neither the fair market
value of any units issued to or the consideration paid by such persons will
exceed 25% of the Company's market capitalization.

    This private placement is subject to regulatory approval.

    The CNQ has not reviewed, and does not accept responsibility for the
    adequacy or accuracy of the contents of this news release.





For further information:

For further information: Dieter Peter, Chairman & CEO,  Telephone: (604)
685-4170; Pamela Keck, Investor Relations Co-ordinator, Telephone (direct):
(604) 630-6792


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