Business
Norsemont Mining Announces Closing of Warrant Financing from Strategic Investors
Vancouver, British Columbia – TheNewswire - October 2, 2025 – Norsemont Mining Inc. (CSE: NOM, OTC: NRRSF, FWB: LXZ1) (“NOM” or the “Company”) is pleased to ann
About this update from Norsemont Mining Inc.
[{"type":"text","content":"Vancouver, British Columbia – TheNewswire - October 2, 2025 – Norsemont Mining Inc. (CSE: NOM, OTC: NRRSF, FWB: LXZ1) (“NOM” or the “Company”) is pleased to announce that, further to its September 26, 2025 news release, it has closed a non-brokered private placement of 3,500,000 share purchase warrants (each, a “Warrant”) of the Company at an issue price of CAD $0.10 per Warrant for gross proceeds of CAD $350,000 (the “Offering”). Each Warrant has an exercise price of CAD $0.59 per Warrant (which, upon exercise, will result in a total cost of CAD $0.69 per common share). If all Warrants issued in the Offering are duly exercised by holders, it will result in an additional $2,065,000 in proceeds being raised by the Company. Each Warrant entitles the holder to purchase one common share in the capital of the Company (each, a “Share”) at a price of CAD $0.59 per Share for a period of five years from the closing of the Offering, provided that if the Shares have a closing price on the Canadian Securities Exchange (the “CSE”) (or such other securities exchange on which the Shares may be traded at such time) of CAD $1.00 or greater per Share for a period of 10 consecutive trading days at any time after four months and one day from the Closing, then the Company may accelerate the expiry of any outstanding Warrants by giving notice to the holders thereof (by disseminating a news release advising of the acceleration of the expiry date of the Warrants) and, in such case, the Warrants will expire on the tenth (10th) business day after the date of such notice. The proceeds of the Offering are anticipated to be used for general working capital purposes and mineral exploration of the Choquelimpie Gold-Silver-Copper project. More information regarding the Offering is available in the Company’s Form 9 posted under the Company’s profile on the CSE website. All Warrants, and any Shares issued on the due exercise of the Warrants, are subject to a restricted period of four months and one day from closing of the Offering. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities law...