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North Peak Resources Announces Closing of $1.1 Million Non-Brokered Private Placement
North Peak Resources Announces Closing of $1.1 Million Non-Brokered Private Placement ...
About this update from North Peak Resources Ltd
[{"type":"text","content":"\n \n \n \n North Peak Resources Announces Closing of $1.1 Million Non-Brokered Private Placement\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 /NOT FOR DISTRIBUTION OR DISSEMINATION IN THE UNITED STATES.  FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF\n \n UNITED STATES\n \n SECURITIES LAWS/\n \n \n \n [email protected]\n \n \n \n www.northpeakresources.com\n \n \n TSX Venture: NPR\n \n \n \n CALGARY, AB\n \n ,\n \n Jan. 11, 2021\n \n /CNW/ -\n \n NORTH PEAK RESOURCES LTD.\n \n \n (TSX Venture: NPR)\n \n (the \"\n \n Company\n \n \") is pleased to announce that it has completed its previously announced non-brokered private placement for aggregate gross proceeds of\n \n CAD$1,104,000\n \n (the \"\n \n Private Placement\n \n \"). In connection with the Private Placement, 2,299,999 common shares of the Company (\"\n \n Shares\n \n \") were issued at a price of\n \n $0.48\n \n per Share.\n \n \n The securities issued in connection with the Private Placement are subject to a four-month hold period, in accordance with applicable securities laws.\n \n \n The Company expects to use the proceeds from the Private Placement to fund exploration at its Kenogami Lake Project, as well as for general and administrative expenses.\n \n \n In connection with the Private Placement, the Company has agreed to pay Canaccord Genuity Corp. a cash finder's fee equal to 6% of the gross proceeds raised in respect of the aggregate sales to subscribers under the Private Placement that were introduced by Canaccord Genuity Corp. (up to\n \n $10,557.01\n \n ).\n \n \n \n About North Peak Resources\n \n \n \n The Company is a Canadian based gold exploration and development company that is listed on the TSX Venture Exchange under the symbol \"NPR\". The Company holds an option to acquire 100% interest in and to the Kenogami Lake Project (also referred to as the Leahy Property) located approximately 15km southwest of\n \n Kirkland Lake, Ontario\n \n and consisting of and to twenty-seven ...