New Target Price For NSGold following NSX Silver Spin-Out
March 16, 2012 was a record day for the distribution of 43,413,767 common shares of NSGold Corporation’s wholly-owned subsidiary NSX Silver Inc. to NSGold’s shareholders. These shareholders are supposed to receive one common share of NSX Silver for each share of NSGold. Following the distribution, NSGold now holds about 2,015,000 NSX Silver shares.
The shares of NSX Silver began trading on the TSX Venture Exchange on March 14, 2012, under the symbol NSY.
The distribution of the common shares of NSX Silver did not affect NSGold’s issued and outstanding shares.