NSGold Corporation (TSXV:NSX) announced a private placement of up to 300,000 units at a price of CAD 0.10 per unit for gross proceeds of CAD 30,000 on January 11, 2017. The transaction included participation from Gilby Plaines Ltd. Gilby Plaines owns 1,132,500 common shares, representing approximately 9.01% of the issued and outstanding common shares Each unit will consist of one common share and one half of one non-transferrable share purchase warrant. Each warrant will entitle the investor to purchase one additional common share at an exercise price of CAD 0.15 per share until June 2, 2018.