U.S. Gold acquires Orevada Metals
U.S. Gold has closed the acquisition of Orevada Metals in an all share transaction. Orevada Metals is a Nevada corporation, wholly owned by a privately held Canadian company, which has become a new wholly-owned subsidiary of U.S. Gold Corp. Orevada has an option to acquire a 70% interest in the Maggie Creek Project. The acquisition of Orevada and the option to acquire the Maggie Creek Project, gives U.S. Gold Corp. its second promising exploration project in Nevada, on the Carlin Trend, with potential to discover Carlin style gold deposits in one of the world's most sought-after gold districts. Established in 2018, Orevada is a North American focused exploration company that has an option to acquire a 70% interest in the Maggie Creek Project. U.S. Gold Corp. issued 2 million shares to shareholders of Orevada.