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NORTH ARROW ANNOUNCES UPSIZING OF PRIVATE PLACEMENT TO $2.2 MILLION
NORTH ARROW ANNOUNCES UPSIZING OF PRIVATE PLACEMENT TO $2.2 MILLION Canada NewsWire ...
About this update from North Arrow Minerals Inc.
[{"type":"text","content":"\n\n\n\n NORTH ARROW ANNOUNCES UPSIZING OF PRIVATE PLACEMENT TO $2.2 MILLION\n \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\n\n Canada NewsWire\n \n\n\n\n Trading Symbol: TSXV: NAR\n \n\n\n\n\n\n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Sept. 17, 2024\n \n\n /CNW/\n \n - North Arrow Minerals Inc.\n \n (TSXV: NAR)\n \n (\"North Arrow\" or the \"Company\")\n \n is pleased to announce that, further to its news release of\n \n\n September 3, 2024\n \n\n , the previously disclosed non-brokered private placement of up to 10,000,000 units (the \"Units\"), has been upsized to 11,000,000 million Units, at a price of\n \n 20 cents\n \n per Unit for total gross proceeds of\n \n $2,200,000\n \n . Proceeds from the private placement will be used to fund the first-year exploration program at the Kraaipan Gold Project in\n \n Botswana\n \n and for general working capital purposes.\n \n\n Terms of the financing remain unchanged, with each Unit consisting of one post-consolidation common share (each a \"Share\") and one-half transferable common share purchase warrant (each a \"Warrant\"). Each whole Warrant will entitle the holder to purchase, for a period of 18 months from the date of issue, one additional common share of North Arrow at an exercise price of\n \n $0.30\n \n . If the Closing price for the North Arrow's post-consolidation common shares is\n \n $0.50\n \n or greater for 10 consecutive days from a date beginning six months following the closing date of the private placement, and the Company so elects, the holders of Warrants will have 30 days to exercise their Warrants, otherwise the Warrants will expire on the 31\n \n st\n \n day after the election. North Arrow may pay commissions and finders' fees in connection with the financing. It is anticipated that insiders of the Company will participate in the private placement on the same terms and conditions as arm's length subscribers.\n \n\n All of the numbers mentioned above reflect the 10 for 1 share consolidation that took place prior to the commencement of trading on\n \n September 17, 2024...