Business
NorthIsle Announces Private Placement of Common Shares
NorthIsle Announces Private Placement of Common Shares Canada NewsWire VANC...
About this update from Northisle Copper And Gold Inc.
[{"type":"text","content":"NorthIsle-PrivPlaceme\n \n \n \n NorthIsle Announces Private Placement of Common Shares\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n VANCOUVER, BC, Oct. 13, 2020\n \n \n \n \n /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES/\n \n \n TSX Venture Exchange Symbol: NCX\n \n \n VANCOUVER, BC,\n \n Oct. 13, 2020\n \n /CNW/ -\n \n NorthIsle Copper and Gold Inc. (TSXV: NCX)\n \n (\"NorthIsle\" or the \"Company\") announces that it intends to raise up to\n \n $3,000,000\n \n by way of a non-brokered private placement to consist of up to 23,076,923 common shares at a price of\n \n $0.13\n \n per share (the \"Placement\").\n \n \n Certain insiders of the Company intend to participate, with full particulars of such participation to be included in the news release announcing the closing of the Placement. In addition, NorthIsle has included affiliates of the Sprott Group (\"Sprott\") in the Placement.\n \n \n The proceeds will be used by NorthIsle to complete the updated Preliminary Economic Assessment as described in the\n \n October 5\n \n \n th\n \n , 2020 press release, advance exploration activities, and for general working capital purposes.\n \n \n \n Sam Lee\n \n , President and CEO comments: \"Since joining, I have received overwhelming support for our plans. This offering activates our vision to become the leading mineral resource company of the future. I thank existing and new shareholders for their enthusiastic participation and welcome Sprott as our lead institutional investor.\"\n \n \n The Placement is non-brokered; however, the Company may pay finder's fees in accordance with the rules and policies of the TSX Venture Exchange (\"\n \n TSX-V\n \n \"). The Placement is subject to the completion of formal documentation and receipt of all necessary regulatory approvals, including the approval of the TSX-V.\n \n \n The securities issued pursuant to these private placements will be subject to a hold period expiring fo...