Northern Frontier raises an additional $1.33 million through the partial exercise of the Underwriters' option

About this update from 55 North Mining Inc.

[{"type":"text","content":"\n\n\n/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS\n NOT AUTHORIZED FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES\n OR FOR DISSEMINATION IN THE UNITED STATES/\n\n\nCALGARY, Sept. 5, 2014 /CNW/ - Northern Frontier Corp. (TSXV: FFF) (the\n \"Corporation\" or \"Northern Frontier\") is pleased to announce today the closing of the partial exercise of\n the over-allotment option granted to the Underwriters in connection\n with the previously announced bought deal equity offering (the \"Offering\") of units (the \"Units\") comprised of one common share of the Corporation and one warrant of\n the Corporation (\"Warrant\") at a price of $2.15 per Unit (the \"Offering Price\").  Pursuant to the Offering, a syndicate of investment dealers co-led\n by Cormark Securities Inc., Acumen Capital Finance Partners Limited and\n GMP Securities L.P. and including M Partners Inc. (the \"Underwriters\") have partially exercised their over-allotment option and purchased an\n additional 617,438 Units at the Offering Price and an additional\n 152,500 Warrants (\"Option Warrants\") at $0.04 per Option Warrant for additional gross proceeds of\n approximately $1.33 million.  Each Option Warrant will entitle the\n holder to acquire one common share of the Corporation (\"Warrant Share\") at a price of $3.40 per Warrant Share until February 28, 2016.\n\n\nReader Advisory\n\n\nSecurities Law Matters\n\n\nThis news release does not constitute an offer to sell or the\n solicitation of an offer to buy any security and shall not constitute\n an offer, solicitation or sale of any securities in any jurisdiction in\n which such offering, solicitation or sale would be unlawful. \n\n\nThis news release does not constitute an offer of securities for sale in\n the United States. The securities being offered have not been, nor will\n they be, registered under the United States Securities Act of 1933, as\n amended, and such securities may not be offered or sold within the\n United States absent U.S. registration or an applicable exemption from\n U.S. registration requirements.\n\n\nAbout Northern Frontier Corp.\n\n\nNorthern Frontier's strategic objective is to create a substantial\n industrial and environmental services business through a buy and build\n growth strategy. Currently, the Corporation provides civil construction\n a...

More updates from 55 North Mining Inc.