An $11.5-million financing will enable Nelson Gold (NLG-T) to fund gold exploration and development programs in Tajikistan and neighboring Kyrgyzstan.
Nelson manages and operates a 49% joint-venture interest in a 3,000-sq.-km area in the Zeravshan valley of Tajikistan, which includes the Jilau and Taror gold deposits.
In Kyrgyzstan, the company has an interest in two joint-venture projects that will be drill-tested this year.
Financing has been arranged through a private placement of up to 11 million common shares at $1.05 per share.
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