Nevado Resources Corporation (TSXV:VDO.H) announced a non-brokered private placement of up to 4,000,000 units at an issue price of CAD 0.10 per unit for gross proceeds of CAD 400,000 on August 14, 2020. Each unit will consist of one common share and one transferable purchase warrant of the company. Each warrant will entitle the holder to purchase one common share at a price of CAD 0.20 per share until one year from the date of issuance. The securities issued in the transaction are subject to a hold period of four months and one day from the date of issuance. The transaction is subject to all necessary approvals, including the approval of the TSX Venture Exchange.