Nevada King Lands C$10 Million Investment From Centerra Gold as Part of Financing Push

Dow Jones03-24

By Robb M. Stewart

Centerra Gold will secure an almost 10% stake in Nevada King Gold as part of a the junior miner's efforts to line up financing.

Nevada King said Tuesday it plans to complete a private placement of shares for gross proceeds of about 16 million Canadian dollars ($11.7 million).

In connection with this financing, Nevada King will sell a 9.9% interest to Centerra for roughly C$10 million.

Nevada King, which is focused on developing the previously-producing Atlanta Gold Mine in southeast Nevada, said its chairman, Collin Kettell, and the company's largest shareholder, Michael Parker, plan to participate in the financing to maintain their pro-rate ownership stakes for gross proceeds of about C$6 million.

Nevada King Chief Executive John Sclodnick said that with a bolstered treasury the company is in a position to advance its exploration program at Atlanta. Proceeds from the financing will be used to continue regional and reconnaissance exploration across the Atlanta project property.

The financing is scheduled to close in the second quarter.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

March 24, 2026 07:03 ET (11:03 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Stewart \n\n\n \n\n\nCenterra Gold will secure an almost 10% stake in Nevada King Gold as part of a the junior miner's efforts to line up financing. \n\n\n  Nevada King said Tuesday it plans to complete a private placement of shares for gross proceeds of about 16 million Canadian dollars ($11.7 million). \n\n\n  In connection with this financing, Nevada King will sell a 9.9% interest to Centerra for roughly C$10 million. \n\n\n  Nevada King, which is focused on developing the previously-producing Atlanta Gold Mine in southeast Nevada, said its chairman, Collin Kettell, and the company's largest shareholder, Michael Parker, plan to participate in the financing to maintain their pro-rate ownership stakes for gross proceeds of about C$6 million. \n\n\n  Nevada King Chief Executive John Sclodnick said that with a bolstered treasury the company is in a position to advance its exploration program at Atlanta. Proceeds from the financing will be used to continue regional and reconnaissance exploration across the Atlanta project property. \n\n\n  The financing is scheduled to close in the second quarter. \n\n\n \n\n\n  Write to Robb M. 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