Business
Northern Shield Adds Flow-Through Component to Current Financing
Northern Shield Resources Inc. ("Northern Shield" or the "Company") (TSXV: NRN) is pleased to announce that it intends to add a flow-through unit component to its current non-brokered private placement financing first announced in a press release dated March 3, 2025 (the "Offering").
About this update from Northern Shield Resources Inc.
[{"type":"text","content":"/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/","length":99,"tagName":"p","attribs":{}},{"type":"text","content":"OTTAWA, ON, April 1, 2025 /CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the "Company") (TSXV: NRN) is pleased to announce that it intends to add a flow-through unit component to its current non-brokered private placement financing first announced in a press release dated March 3, 2025 (the "Offering").","length":353,"tagName":"p"},{"type":"image","alt":"3D model of magnetic low that underlies the Conquest Zone. (CNW Group/Northern Shield Resources Inc.)","displaySize":"","headline":null,"caption":"3D model of magnetic low that underlies the Conquest Zone. (CNW Group/Northern Shield Resources Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":323,"url":"https://media.zenfs.com/en/cnwgroup.com/02cd80c0336c9af4cc5bfaf0a3cdd7ef"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/42HmzRAUv5YthiVEKBCMqg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTU2OTtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/02cd80c0336c9af4cc5bfaf0a3cdd7ef","width":400,"height":323}},"href":"https://mma.prnewswire.com/media/2654769/Northern_Shield_Resources_Inc__Northern_Shield_Adds_Flow_Through.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The flow-through component (the "FT Component") will be comprised of flow-through units ("Flow-Through Units") at $0.05 per Flow-Through Unit. Each Flow-Through Unit will consist of one common share in the capital of the Company (a "Common Share") issued on a flow-through basis within the meaning of the Income Tax Act (Canada) and one-half of one Common Share purchase warrant (a "FT Warrant"). Each FT Warrant is exercisable for one Common Share at a price of $0.125 per share within 24 months of the closing. Proceeds from the FT Offering will be used to incur eligible exploration expenses at the Root & Cellar Property ("Qualifying Expenditures") and the Company will renounce the Qualifying Expenditures to subscribers of the Flow-Through Units for the year ended December 31, 2025.","length":853,"tagName":"p"},{"type":"text","content":"The proceeds will be used to fund a planned 3,000 m drill...