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NORTH ARROW ANNOUNCES $3 MILLION NON-BROKERED PRIVATE PLACEMENT FINANCING
NORTH ARROW ANNOUNCES $3 MILLION NON-BROKERED PRIVATE PLACEMENT FINANCING Canada NewsWire...
About this update from North Arrow Minerals Inc.
[{"type":"text","content":"\n\n\nNORTH ARROW ANNOUNCES $3 MILLION NON-BROKERED PRIVATE PLACEMENT FINANCING\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\n/NOT FOR DISTRIBUTION TO THE UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\nTrading Symbol - TSXV: NAR\nVANCOUVER, BC, Jan. 21, 2026 /CNW/ - North Arrow Minerals Inc. (TSXV: NAR) (\"North Arrow\" or the \"Company\") is pleased to announce that it intends to complete a non-brokered private placement financing of CAD$3,000,000 (the \"Offering\") through the issuance of up to 12,500,000 units (the \"Units\") at a price of $0.24 per Unit. Each Unit will consist of one common share of the Company (each, a \"Unit Share\") and one-half of one common share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant shall entitle the holder thereof to purchase one common share of the Company (each, a \"Warrant Share\") at a price of $0.36 per Warrant Share for a period of 24 months following the completion of the Offering. SCP Resource Finance acted as an advisor to the Company.\n\n\n\n\n\n\n\nThe Offering is expected to close in February 2026, subject to the completion of formal documentation and receipt of all necessary regulatory approvals, including approval of the TSX Venture Exchange. Unit Shares and Warrants issued pursuant to the Offering will be subject to a four-month statutory hold period in accordance with applicable Canadian securities laws.\nProceeds from the Offering will be used to advance North Arrow's exploration activities, and for general corporate purposes. North Arrow may pay commissions and finders' fees in connection with the financing, subject to the policies of the TSX Venture Exchange.\nAbout North Arrow Minerals: Vancouver-based exploration company focused on evaluating the Kraaipan Gold Project. Management and advisors bring significant global exploration and mining experience. North Arrow's exploration programs are conducted under the direction of Kenneth Armstrong, P.Geo. (NWT/NU, ON), Chairman of North Arrow and a Qualif...