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Nord Precious Metals Announces FT Unit Private Placement
Coquitlam, British Columbia--(Newsfile Corp. - December 1, 2025) - Nord Precious Metals Mining In...
About this update from Nord Precious Metals Mining Inc.
[{"type":"text","content":"Nord Precious Metals Announces FT Unit Private PlacementCoquitlam, British Columbia--(Newsfile Corp. - December 1, 2025) - Nord Precious Metals Mining Inc. (TSXV: NTH) (OTCQB: CCWOF) (FSE: QN3) (the \"Company\" or \"Nord\") is pleased to announce a non-brokered private placement financing of 16,000,000 flow-through units (\"FT Units\") at a price of $0.25 per FT Unit raising gross proceeds of $4,000,000.Each FT Unit is comprised of one common share of the Company and one-half share purchase warrant. Each whole warrant will entitle the holder thereof to purchase one additional common share of the Company at an exercise price of $0.28 per share, subject to acceleration, for a period of two years from closing, subject to TSX Venture Exchange (the \"TSXV\") approval. The acceleration clause of the Warrants will provide that, if, over a period of ten (10) consecutive trading days between the date of issuance and the expiry of the Warrants, the daily volume weighted average trading price of the common shares of the Company on the TSXV (or such other stock exchange where the majority of the trading volume occurs) exceeds $0.36 for each of those ten (10) consecutive days, the Company may, at any time after such an occurrence, give written notice (via news release) to the holders of the Warrants that the Warrants will expire at 4:00 p.m. (Vancouver time) on the 30th day following the giving of notice (the \"Accelerated Exercise Period\") unless exercised by the holders prior to such date. Upon receipt of such notice, the holders of the Warrants will have 30 days to exercise their Warrants. Any Warrants which remain unexercised at 4:00 p.m. (Vancouver time) on the 30th day following the giving of such notice will expire at that time. All securities issued pursuant to the Private Placement will be subject to a statutory hold period of four months and one day following the closing date of the Private placement in accordance with applicable Canadian securities laws and the policies of the Exchange.In connection with the Offering, the Company has entered into a Finder's Fee Agreement with Research Capital Corporation (the \"Finder\"), pursuant to which the Company has agreed to pay the Finder a cash commission equal to 8.0% of the gross proceeds raised under the Offering and to issue to the Finder such number of non-transferrable Common Share...