Business

Northern Lion Announces Closing of Private Placement Financing

Northern Lion Announces Closing of Private Placement Financing Canada NewsWire V...

articleNorthern Lion Gold Corp.December 30, 20164/company/northern-lion-gold-corp/news/northern-lion-announces-closing-of-private-placement-financing
Northern Lion Announces Closing of Private Placement Financing

About this update from Northern Lion Gold Corp.

[{"type":"text","content":"\n\n\n\nNorthern Lion Announces Closing of 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.prngen2{\nBORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: TOP; BORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid\n}\n.prngen3{\nBORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: RIGHT; BORDER-LEFT:black 1pt solid; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: TOP; BORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnbcc{\nBORDER-BOTTOM:0pt solid; BORDER-LEFT:0pt solid; BORDER-COLLAPSE: COLLAPSE; BORDER-TOP:0pt solid; BORDER-RIGHT:0pt solid\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsbtb0{\nBORDER-BOTTOM:black 0pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Dec. 30, 2016\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSMINATION IN THE UNITED STATES/\n\nTSX-V Symbol: NLFrankfurt Symbol: N3E\n\n\n\nVANCOUVER, Dec. 30, 2016 /CNW/ - Northern Lion Gold Corp. (the \"Company\") is pleased to announce the closing today of its non-brokered private placement of 5,000,000 units (the \"Units\") of the Company at a price of $0.10 per Unit for aggregate proceeds of $500,000 (the \"Offering\"). Each Unit is comprised of one common share of the Company (a \"Share\") and one common share purchase warrant (a \"Warrant\") entitling the holder to subscribe for one additional Share at a price of $0.20 per Share until the date that is five years from the date of issuance.  \n\nThe proceeds of the Offering are expected to be used for corporate overhead purposes and to establish a reserve for potential acquisition opportunities.  \n\nAll securities issued in connection with the Offering are subject to a statutory four-month hold period expiring May 1, 2017.\n\nPursuant to the Offering, each of the following persons (each an \"Acquiror\") has acquired direct ownership of 625,000 U...

More updates from Northern Lion Gold Corp.