April 1, 2010 (FinancialWire) — Goldnev Resources Inc. (TSX Venture: GNZ) (OTC: GDNXF) said that it is proposing to complete a non-brokered private placement financing of up to a maximum of 20 million units at $0.05 per unit for gross proceeds of up to $1 million.

Each unit will consist of one common share and one common share purchase warrant. Each full warrant entitles the holder thereof to purchase one common share of the corporation at a purchase price of $0.08 for twelve months from relevant closing of the sale of units.

The company said it will sue the proceeds from the private placement to pay for a well recompletion on its Turner Valley property and to finance the acquisition of additional working interests and funding for the preparation of the pre-feasibility study on the company's Pasquia Hills oil shale project as well as for general corporate purposes.

Canada-based Goldnev Resources is an energy company focused on conventional and unconventional oil and gas production with assets in northeastern British Columbia, southwestern Alberta and an oil shale development project in east central Saskatchewan.

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