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Northern Shield Completes Private Placement for Gross Proceeds of $500,000
Northern Shield Completes Private Placement for Gross Proceeds of $500,000 Norther...
About this update from Northern Shield Resources Inc.
[{"type":"text","content":"\n\n\n\nNorthern Shield Completes Private Placement for Gross Proceeds of $500,000\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\n\n\n\n\n\nNorthern Shield Completes Private Placement for Gross Proceeds of $500,000\nCanada NewsWire\nOTTAWA, Sept. 8, 2016\n\n\n\nOTTAWA, Sept. 8, 2016 /CNW/ - Northern Shield Resources Inc. (\"Northern Shield\" or the \"Company\") [TSX-V: NRN] is pleased to announce that it has completed a non-brokered private placement (the \"Private Placement\") of 2,272,727 units (\"Units\") at a price of $0.22 per Unit for aggregate gross proceeds of $500,000. Each Unit is comprised of one common share in the capital of Northern Shield (a \"Common Share\") and one half of one Common Share purchase warrant (a \"Warrant\"). Each whole warrant is exercisable for one Common Share at a price of $0.30 per share September 8, 2019 provided that should the Common Shares trade on the TSX Venture Exchange (the \"TSXV\") for 20 consecutive trading at a price equal to or more than $0.70, the Warrants will expire five days later. The Common Shares and Warrants underlying the Units are subject to a four month hold period from the date of issuance and the Private Placement remains subject to the final approval of the TSX Venture Exchange. \n\nThe company is also pleased to announce that Northern Shield has been invited to the Precious Metals Summit at Beaver Creek, Colorado on September 14-16, 2016.  Northern Shield's President and CEO, Ian Bliss will be presenting on Wednesday, September 14, 2016 at 1:45 pm. \n\nNorthern Shield Resources Inc. is a Canadian-based mineral exploration company built around its platinum group element (PGE) expertise, which forms the basis of its exploration in eastern Canada.\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\n\n \nSOURCE Northern Shield Resources Inc.\n\n\n\n\n\n\nNorthern Shield Resources Inc.: Ian Bliss, President and CEO, Tel.: (613) 232-0459, Fax: (613) 232-0760...