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  • Northern Superior Resources Inc. (SUP) has increased its non-brokered private placement for gross proceeds of $5 million
  • The company will issue 3,665,912 flow-through common shares to purchasers in Québec for gross proceeds of $3,299,321.00
  • The company will also issue 1,441,254 charity flow-through common for proceeds of $1,700,679.72
  • Northern Superior is a junior gold exploration company
  • Northern Superior Resources Inc. (SUP) is down 1.677 per cent, trading at $0.59 per share at 1:09 p.m. ET

Northern Superior Resources (SUP) has increased its non-brokered private placement for aggregate gross proceeds of $5M.

The company will issue 3,665,912 flow-through common shares to purchasers in Québec for gross proceeds of $3,299,321.00.

Northern Superior will also issue 1,441,254 charity flow-through common shares for gross proceeds of $1,700,679.72.

The offering is anticipated to close by November 18 and remains subject to the negotiation, execution of subscription agreements and receipt of applicable regulatory approvals.

Northern Superior is a junior exploration company exploring for gold in the Superior Province of the Canadian Shield.

The company is currently focused on exploring its Lac Surprise, Croteau Est and Wapistan properties in Québec and its TPK property in Ontario.

Northern Superior also has several other 100 per owned properties in Ontario and Québec.

Northern Superior Resources Inc. (SUP) is down 1.677 per cent, trading at C$0.59 per share at 1:09 p.m. ET.

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