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.
Germany: WKN A0MNSR /
VANCOUVER, March 16, 2012 /CNW/ - Nass Valley Gateway Ltd. (the "Company" or "NVG") wishes to announce it will use its best efforts to sell by private placement up to $600,000 consisting of twelve million units at $0.05 per unit ("Unit"). Each Unit will be comprised of one common share and one transferable common share purchase warrant. Each warrant forming part of a Unit is exercisable for one additional common share at an exercise price of $0.10 per share for a period of two years from the date of closing.
The Company will apply the proceeds from the private placement for general corporate purposes.
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.
Nass Valley Gateway is exploring industrial minerals and developing, marketing and establishing environmentally responsible Waste to Energy processes through its 100% owned subsidiary Greenville Environomic Energy Ltd. The Company and its subsidiary are devoted to building value for their shareholders and employees, contributing to the improvement of the communities in which they operate through employment creation, and implementing sustainable practices designed to preserve and enhance our environment.
The CNSX has not reviewed, and does not accept responsibility for the adequacy or accuracy of the contents of this news release.
For further information:
Telephone: (250) 621-3286
Chairman & CEO
Telephone: (604) 685-4170