- Northstar Gold Corp. (NSG) has announced a non-brokered private placement financing for aggregate proceeds of up to C$1,600,000
- The offering has a flow-through component, which consists of up to 10 million flow-through units at a price of $0.085 each for gross proceeds of up to $850,000
- Each flow-through unit is made up of one flow-through common share and one non-flow-through share purchase warrant
- The company has also announced that it has granted an aggregate of 856,000 stock options to certain directors, officers, employees and consultants of the corporation
- Northstar Gold Corp. is an early-stage natural resource company engaged primarily in the acquisition, exploration, and, if warranted, development of mineral properties
- Northstar Gold Corp. was unchanged at C$0.085 at 12:04 ET
Northstar Gold Corp. (NSG) has announced a non-brokered private placement financing for gross proceeds of up to C$1,600,000.
The offering contains a flow-through component, which consists of up to 10 million flow-through units at a price of $0.085 each for gross proceeds of up to $850,000.
Each flow-through unit is made up of one flow-through common share and one non-flow-through share purchase warrant.
Each full warrant is exercisable for one non-flow-through common share at an exercise price of $0.10 for a term of 24 months after the closing.
The non-flow-through component of the offering consists of up to 10 million non-flow-through units at a price of $0.075 per non-flow-through unit for gross proceeds of up to $750,000.
Each non-flow-through unit is made up of one share and one non-flow-through warrant, with each warrant exercisable for one common share at an exercise price of $0.10 for a term of 24 months after the closing.
The gross proceeds from the sale of the flow-through shares will be used to incur eligible Canadian exploration expenses.
Northstar’s primary exploration focus is the advancement of the company’s flagship, 100-per-cent-owned Miller Gold Property, situated 18 km southeast of Kirkland Lake and Agnico Eagle Mine’s Macassa SMC gold mine.
The offering is scheduled to close on or about October 31, 2022.
The company has also announced that it has granted an aggregate of 856,000 stock options to certain directors, officers, employees and consultants of the corporation at an exercise price of $0.10 that expires five years from the date of grant.
Northstar Gold Corp. is an early-stage natural resource company engaged primarily in the acquisition, exploration, and, if warranted, development of mineral properties.
Northstar Gold Corp. was unchanged at C$0.085 at 12:04 ET.