- Northstar Gold Corp. (NSG) has closed the second tranche of its $1.6 million non-brokered private placement for gross proceeds of $540,090
- Under both tranches, the company raised a total of $1,445,155.21
- The second tranche consisted of 6,354,000 flow-through units priced at $0.085
- The gross proceeds will be used to fund the exploration of the company’s flagship Miller Gold Property
- CEO Brian Fowler discussed the capital raise with Daniella Atkinson
- Northstar Gold is focused on the exploration and development of exploration properties in the Abitibi region of northeastern Ontario
- Northstar Gold Corp. (NSG) opened trading at C$0.085
Northstar Gold Corp. (NSG) has closed the second tranche of its previously-announced $1.6 million non-brokered private placement.
The company raised gross proceeds of $540,090 under the second tranche. Under both tranches, the company raised a total of $1,445,155.21.
The second tranche consisted of 6,354,000 flow-through units priced at $0.085. Each FT unit consists of one flow-through common share and one non-flow-through share purchase warrant. Each warrant is exercisable for one non-flow-through common share at an exercise price of $0.10 for a period of 24 months from the closing of the offering.
The company finder’s fees totalling $37,806.30 in cash and issued 444,780 finder warrants.
All securities issued are subject to a statutory four-month hold period.
The gross proceeds will be used to fund exploration of the company’s 100 per cent-owned flag-ship Miller Gold Property near Kirkland Lake, Ontario, the adjoining Rosegrove Gold Property and the Milestone Cu-Ni-Co Property.
Northstar Gold is focused on the exploration and development of exploration properties in the Abitibi region of northeastern Ontario. Northstar’s primary focus is the exploration of the Miller Gold Property.
CEO Brian Fowler discussed the capital raise with Daniella Atkinson.
Northstar Gold Corp. (NSG) opened trading at C$0.085.
