NevGold Corp. (TSXV: NAU) (OTCQX: NAUFF) (Frankfurt: 5E50) completed a debt settlement with Mercer Street Global Opportunity Fund II, LP, according to a company statement.

The mining company issued 227,544 common shares at $2.44 per share to settle $555,208.33 in accrued original issue discount on a convertible security. Mercer had previously converted the full $3.5 million principal amount of the convertible security into common shares.

The TSX Venture Exchange approved the debt settlement. Following the transaction, only the original issue discount accruing from May 15 to August 30, 2026 remains outstanding on the convertible security.

"After our initial Convertible Security financing agreement with Mercer in 2024, we are pleased to have fully satisfied the Principal Amount of $3,500,000," said Brandon Bonifacio, NevGold's president and CEO. The company reports current cash of approximately C$50 million.

NevGold operates exploration and development projects in Nevada and Idaho, including the Limousine Butte gold-antimony project, Cedar Wash gold project, Nutmeg Mountain gold project, and Zeus copper project.

The original convertible security financing agreement with Mercer was established in 2024, as referenced in the company's previous press releases from August and September of that year.