Business
Northisle Announces C$100 Million Financing
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSE...
About this update from Northisle Copper And Gold Inc.
[{"type":"text","content":"Northisle Announces C$100 Million Financing\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n \n\n\n\n NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES\n \n\n\n The base shelf prospectus is accessible, and the shelf prospectus supplement will be accessible within two business days, through SEDAR+.\n \n\n\n\n\n Northisle Copper and Gold Inc. (TSXV: NCX) (“Northisle” or the “Company”) is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. (“Paradigm”) as lead agent and sole bookrunner on behalf of a syndicate of agents (collectively, the “Agents”), in connection with a ”best efforts” public offering (the “Brokered Offering”) for total gross proceeds of up to approximately $100,000,350, consisting of up to 32,787,000 common shares of the Company (the “Common Shares”) at a price of $3.05 per Common Share (the “Issue Price”).\n \n\n In addition, the Company has granted the Agents an option (the “Agents’ Option”) to sell up to 4,919,000 additional Common Shares at the Issue Price for additional aggregate gross proceeds of up to $15,002,950, exercisable not later than 48 hours prior to the Closing Date (as defined below). The term “Brokered Offering” includes the additional Common Shares that may be issued on the exercise of the Agents’ Option, if any.\n \n\n The Brokered Offering is anticipated to include participation from new and existing fundamental institutional investors and existing cornerstone shareholders.\n \n\n The net proceeds of the Offerings will be used by the Company for advancement of the Company’s projects and for general corporate and working capital purposes.\n \n\n Closing is expected to occur on or about March 6, 2026 or other such date as the Company and the Agents may agree (the “Closing Date”). The Offerings will be subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange (the “TSXV”), and other customary closing conditions.\n \n\n The Common Shares offered pursuant to the Brokered Offering...