Northstar Gold Corp.: Northstar Closes First Tranche of $2.4M, Provides Corporate and Exploration Update
Northstar Gold Corp. (CSE: NSG) (
Northstar or the
Company ),
announces the Company has closed the first tranche of its previously announced $2.7 million non-brokered private placement of units (
Units ) for gross proceeds of CDN$2,415,575 (the
Offering ).
The Offering was comprised of 4,316,250 flow through units (
Flow Through Units ), for a total of $1,381,200 and 4,137,500 non-flow through units, totalling $1,034,375 (the
Non-Flow Through Units ). The Flow Through Units were priced at $0.32 and comprised of one flow through common share and one-half of one non-flow through share purchase warrant. Each full warrant is exercisable for one non-flow through common at an exercise price of $0.45 for a period of 18 months. The Non-Flow Through Units were priced at $0.25 and were comprised of one common share and one-half of one share purchase warrant. Each full p