Northstar Announces Non-Brokered Private PlacementVancouver, B.C., October 4, 2022. Northstar Gold Corp. (CSE: “NSG”) (“Northstar” or the “Company”), announces a non-brokered private placement financing (the “Offering”) for aggregate proceeds of up to $1,600,000 (CDN.).
The Offering includes a flow-through component (the “Flow-Through Component”), which is comprised of up to 10.0 million flow-through units (the “Flow-Through Units”) at a price of $0.085 per Flow-Through Unit for gross proceeds of up to $850,000. Each Flow Through Unit is comprised of one flow-through common share (each, a “Flow Through Share”) and one non-flow through share purchase warrant. Each full warrant is exercisable for one non-flow through common share (each, a “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 (the “Non-Flow Through Component”) is comprised of up to 10.0 million non-flow through units (the “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 comprised 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. Management of the Company reserves the right to amend the final allocation of the Flow-Through Component and the Non-Flow Through Component under the Offering.
Read full release: 2022 News | Northstar Gold Corp.