Business
Northisle Provides Update on Oversubscribed Offering of Common Shares
Northisle Provides Update on Oversubscribed Offering of Common Shares Canada Ne...
About this update from Northisle Copper And Gold Inc.
[{"type":"text","content":"\n \n \n \n Northisle Provides Update on Oversubscribed Offering 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. 14, 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. 14, 2020\n \n /CNW/ -\n \n Northisle Copper and Gold Inc.\n \n (TSXV: NCX)\n \n \n (\"Northisle\" or the \"Company\") is pleased to provide an update on its private placement (the \"Placement\") previously announced on\n \n October 13, 2020\n \n .\n \n \n \n \n \n \n \n \n \n The Placement is oversubscribed and the Company now intends to raise gross proceeds of up to\n \n $3.2 million\n \n by issuing up to 24,615,385\n \n \n common shares at a price of\n \n $0.13\n \n per share.\n \n \n Please refer to the initial news release announcing the Placement for additional details, including anticipated use of proceeds.\n \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. The securities issued pursuant to the Placement will be subject to a hold period expiring four months and one day from the date of issuance in accordance with applicable Canadian securities laws.\n \n \n For more information on Northisle please visit the Company's website at\n \n www.Northisle.ca\n \n .\n \n \n On behalf of Northisle Copper and Gold Inc.\n \n \n \n Sam Lee\n \n \n President and CEO\n \n \n www.northisle.ca\n \n \n \n \n This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in\n \n the United States\n \n . The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\") or any state securities laws and may not be offered or sold within\n \n the United States\n \n or to U.S. Persons unless registered under the U.S....