Vancouver, B.C. – November 11, 2020: Stevens Gold Nevada Inc. (CSE: SG) (OTCQB: STVGF) (“Stevens Gold”) or (the “Company”) announces it has issued 1,000,000 common shares (the “Shares”) in the capital of a the Company to a consultant for services rendered pursuant to a consulting agreement between the consultant and a wholly-owned subsidiary of the Company, dated September 28, 2020. The Shares are subject to a four month and a day hold period and a lock-up agreement. The Shares will be released in accordance with the following schedule, where the term “Issuance Date” shall mean the date of issuance of the Shares by the Company:
|Date of Automatic Timed Release (Release Dates)||Amount of Shares|
|4 months after the Issuance Date||10% of the Lock-Up Securities|
|6 months after the Issuance Date||30% of the Lock-Up Securities|
|8 months after the Issuance Date||30% of the Lock-Up Securities|
|10 months after the Issuance Date||30% of the Lock-Up Securities|
In the event that the closing price of the common shares of the Company on the CSE is greater than $0.30 for a period of 5 consecutive days at any time after the date that is 6 months from the Issuance Date, then all of the Shares that are then subject to lock-up will be released as soon as reasonably possible thereafter.
About Stevens Gold
Stevens Gold (CSE:SG) (OTCQB:STVGF) is engaged in the business of mineral exploration and the acquisition of mineral property assets in North America. Stevens Gold recently acquired 100% of Lynx Gold Mining Corp. which is exploring the recently optioned Millennium Gold project in Arizona. The Millennium Gold property consists of three State mineral leases totaling 1,920 acres and is in the general vicinity of the Oatman mining district where over 2 million ounces of bonanza-grade gold has been discovered and where Equinox’s Castle Mountain open pit gold mine is located. Stevens Gold also has optioned claims in the Black Point property in Nevada.
ON BEHALF OF STEVENS GOLD NEVADA INC.
CEO, President, Director & Secretary
For Further Information:
Investor Relations Manager Purple Crown Communications Corp.
T: (604) 617-5290
Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Stevens Gold. Forward-looking information is based on certain key expectations and assumptions made by the management of Stevens Gold. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Although Stevens Gold believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Stevens Gold can give no assurance that they will prove to be correct.
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.