- Northern Lights (NLR) has amended its C$1M private placement to include a share purchase warrant
- The company completed the first tranche issuing 4,550,000 units for gross proceeds of $227,500
- It intends to use the proceeds to explore its Secret Pass Gold Project in Arizona, as well as for general working capital
- Northern Lights Resources is an exploration and development company advancing gold and base metal projects in the U.S.
- Northern Lights (NLR) is unchanged trading at $0.04 per share
Northern Lights (NLR) has amended its C$1M private placement to include a share purchase warrant.
The non-brokered placement includes issuance of up to 20M units priced at $0.05.
Each unit consists of one common share and one full share purchase warrant.
Each warrant is exercisable into one share priced at $0.10 for 24 months following the date of issue.
The company completed the first tranche issuing 4,550,000 units for gross proceeds of $227,500.
It intends to use the funds to explore its Secret Pass Gold Project in Arizona, as well as for general working capital.
The placement is open to accredited investors or those exempt from prospectus requirements.
Additionally, the company’s share purchase warrants expiring August 19, 2022 have been extended by three years. The 4,587,401 warrants are exercisable at $0.75 per share.
Northern Lights Resources is an exploration and development company advancing the Secret Pass Gold Project in Arizona and the Medicine Springs silver-zinc-lead Project in Nevada.
Northern Lights (NLR) is unchanged trading at $0.04 per share as of 12:52 pm EST.
