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Nord Precious Metals Closes FT Unit Private Placement for Critical Minerals
(TheNewswire) Coquitlam, B C – April 3, 2025 – TheNewswire ȁ...
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[{"type":"text","content":"Nord Precious Metals Closes FT Unit Private Placement for Critical Minerals\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Coquitlam, B\n \n\n C –\n \n\n April 3, 2025 –\n \n\n TheNewswire –\n \n\n Nord Precious Metals Mining Inc. (TSX.V: NTH)\n(OTCQB: CCWOF) (FRANKFURT: 4T9B) (the \"Company\" or\n\"Nord\")\n \n\n announces that the Company has\nclosed a non brokered private placement financing by issuing 1,875,000\nflow-through units (“FT Units”) at a price of $0.16 per FT Unit\nraising gross proceeds of $300,000, subject to final TSX Venture\nExchange (“Exchange”) approval\n \n\n .\n \n\n\n\n Each FT Unit is comprised of one common share of the\nCompany and one share purchase warrant.  Each whole warrant will\nentitle the holder thereof to purchase one additional common share of\nthe Company at an exercise price of $0.20 per share, for a period of\ntwo years from closing.\n \n\n\n The Company also paid finder fees in the amount of $18,000 cash and\n112,500 finder warrants where each finder warrant will entitle the\nfinder to purchase one additional common share of the Company at an\nexercise price of $0.20 per share for two years from closing. The\nfinder fees are also subject to final Exchange approval.\n \n\n\n All securities issued in connection with the FT shares,\nwarrants and the finder warrants are subject to a four-month and a day\nhold period expiring on August 4, 2025, in accordance with applicable\nSecurities laws and Exchange Policies.\n \n\n\n\n The Company intends to use the gross proceeds from the\nsale of the FT Shares to incur exploration expenses\n \n\n on its Castle East Project, Gowganda, Ontario\n \n\n that are eligible “Canadian exploration expenses” that\nqualify as “flow-through critical mineral mining expenditures” as\nsuch terms are defined in the Income Tax Act (Canada).\n \n\n\n\n About Nord Precious Metals Mining\nInc.\n \n\n\n\n Nord Precious Metals Mining Inc. operates the only\npermitted high-grade milling facility in the historic Cobalt Camp of\nOntario, where the Company has established a unique position\nintegrating high-grade silver discovery with strategic metals recovery\noperations. The Company's flagship Castle property encompasses 63 sq.\nkm of exploration ground and t...