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North Peak Resources announces non-brokered private placement to fund exploration at Kenogami Lake Project, in the Kirkland Lake Area
North Peak Resources announces non-brokered private placement to fund exploration at Keno...
About this update from North Peak Resources Ltd
[{"type":"text","content":"\n \n \n \n North Peak Resources announces non-brokered private placement to fund exploration at Kenogami Lake Project, in the Kirkland Lake Area\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 \n \n \n \n \n TSX Venture: NPR\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 \n \n CALGARY, AB\n \n ,\n \n Dec. 10, 2020\n \n /CNW/ -\n \n NORTH PEAK RESOURCES LTD.\n \n (TSXV: NPR) (the \"\n \n Company\n \n \") is pleased to announce that it intends to complete a non-brokered private placement of up to 2,000,000 common shares of the Company (\"\n \n Common Shares\n \n \") at a price of\n \n CAD$0.48\n \n per share for gross proceeds of up to\n \n CAD$960,000\n \n (the \"\n \n Private Placement\n \n \"). The Company has the option to increase the size of the Private Placement by up to an additional 300,000 Common Shares, for total gross proceeds of up to\n \n CAD$1,104,000\n \n .\n \n \n The Company intends to use the proceeds from the Private Placement to fund exploration at the Kenogami Lake Project (see below), as well as for general and administrative expenses.\n \n \n \n Mike Sutton\n \n , Director of the Company and Senior Geologist explained, \"The Kenogami Lake Project, which the Company holds an option to acquire, contains all the same rock types, alteration, and most importantly, the same structures, as those that host the\n \n Kirkland Lake\n \n deposits 8km to the east.\"\n \n \n \"This first exploration drilling program on the Kenogami Lake Project will consist of targeted drilling on both the Kirkland Lake Main Break and the Cadillac Larder Lake Deformation Zone,\" added\n \n Brian Hinchcliffe\n \n , CEO of the Company.  \"Heightened regional exploration activity has provided only limited access to drills in the upcoming winter period, but we expect this initial exploration program to be completed in Q1 2021.\"\n \n \n This initial exploration program is expected to consist of...