Business
Norsemont Mining Closes Financing for a Total of $15MM with Increased Support from Crescat and Strategic Investors
News Release - Vancouver, British Columbia – TheNewswire - December 23, 2025 – Norsemont Mining Inc. (CSE: NOM, OTC: NRRSF, FWB: LXZ1) (“NOM” or the “Company”)
About this update from Norsemont Mining Inc.
[{"type":"text","content":"News Release - Vancouver, British Columbia – TheNewswire - December 23, 2025 – Norsemont Mining Inc. (CSE: NOM, OTC: NRRSF, FWB: LXZ1) (“NOM” or the “Company”) is pleased to announce that, further to its December 7 and December 21, 2025 news releases, it has closed the second and final tranche (the “Second Tranche”) of its non-brokered private placement (the “Offering”) of unsecured convertible debenture units of the Company (each, a “Convertible Debenture Unit”). The Company issued an aggregate of US$10,929,000 of principal amount of Convertible Debentures (as defined below) and issued 8,765,058 Warrants (as defined below) for aggregate gross proceeds of US$10,929,000 (approximately CAD$15,075,899.76) pursuant to the Offering. The Company issued US$3,400,000 of principal amount of Convertible Debentures (as defined below) and issued 2,726,800 Warrants (as defined below) pursuant to the Second Tranche for aggregate gross proceeds of US$3,400,000 (approximately CAD$4,690,096). Norsemont CEO Marc Levy commented, “We are grateful for Crescat’s increased ownership in Norsemont, alongside the continued support of other strategic shareholders. We value their conviction and look forward to working with them as we advance the Choquelimpie Project toward its next phase of development.” The proceeds from the Offering are expected to be used for general working capital purposes, as well as mineral exploration and advancement of the Company’s Choquelimpie gold-silver-copper project. Each Convertible Debenture Unit is comprised of one convertible debenture in the principal amount of US$1,000 per debenture (each, a “Convertible Debenture”), with each Convertible Debenture and all accrued and unpaid interest thereon convertible into common shares of the Company (each, a “Conversion Share”) at a conversion price of C$0.86 per Conversion Share, and 802 transferable common share purchase warrants (each, a “Warrant”), with each Warrant entitling the holder thereof to purchase one common share (a “Warrant Share”) at a price of C$1.00 per Warrant Share for a period of three years from the date of issuance (each such date, a “Closing Date”), subject to acceleration rights for both the Convertible Debentures and the Warrants. The Convertible Debentures bear interest at a rate of 5.25% per annum with a maturity date of three years from the Closing Date...