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North Peak Closes $2 Million Private Placement; Strategic Work Programs and Airborne Geophysics Surveys Launched at Prospect Mountain Silver-Gold-Lead Mine Complex in Eureka, Nevada
North Peak Closes $2 Million Private Placement; Strategic Work Programs and Airborne Geophysics S...
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[{"type":"text","content":"\n \n \n \n North Peak Closes $2 Million Private Placement; Strategic Work Programs and Airborne Geophysics Surveys Launched at Prospect Mountain Silver-Gold-Lead Mine Complex in Eureka, Nevada\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.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /NOT FOR DISTRIBUTION OR DISSEMINATION IN\n \n THE UNITED STATES\n \n . FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF\n \n UNITED STATES\n \n SECURITIES LAWS/\n \n \n \n www.northpeakresources.com\n \n \n TSX Venture: NPR\n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n May 25, 2023\n \n \n /CNW/ -\n \n North Peak Resources Ltd.\n \n (TSXV: NPR) (the \"\n \n Company\n \n \" or \"\n \n North Peak\n \n \") announces that it has completed its previously announced non-brokered private placement for aggregate gross proceeds of\n \n CAD$2 million\n \n (the \"\n \n Private Placement\n \n \").  In connection with the Private Placement, 2,272,727 common shares of the Company (\"\n \n Common Shares\n \n \") were issued at a price of\n \n CAD$0.88\n \n per Common Share.\n \n \n \n \n \n \n \n \n \n The Company also announces that it has launched a range of work programs on the Prospect Mountain Mine complex (the \"\n \n Property\n \n \") located in the\n \n Battle Mountain\n \n -\n \n Eureka\n \n trend in\n \n Nevada\n \n . In its\n \n May 23\n \n \n rd\n \n press release, the Company reported that final TSX Venture Exchange approvals for its acquisition of the Property had been received. A Nevada LLC structure that will hold the claims and permits that constitute the Property is being established, with the Company holding an initial 80% interest and Solarljos, LLC (controlled by the Erickson family of\n \n Nevada\n \n ) holding the remaining 20% interest (which the Company has the right to acquire).\n \n \n \"On the Diamond Mine's main 7800 level, LIDAR surveys and comprehensive mapping has been completed, but it is the airborne geophysics surveys and the mid-June channel sampling which, along with a gravity survey...