NV Gold Corporation (TSX-V:NVX, OTC:NVGLF) has secured a loan agreement with John Watson, the group's chair and interim CEO, for US$50,000, bringing the total loans from Watson to US$400,000.
All loans carry a 12% interest rate and mature within one year on on demand from Watson.
It comes on the same day that the gold miner granted around 420,000 stock options for management, employees and directors at the company.