Business
Northstar Closes 1st Tranche of Private Placement, Advances Cam Copper Surgical Mining Project
Vancouver, British Columbia--(Newsfile Corp. - December 15, 2025) - Northstar Gold Corp. (CSE: N...
About this update from Northstar Gold Corp. Class A
[{"type":"text","content":"Northstar Closes 1st Tranche of Private Placement, Advances Cam Copper Surgical Mining ProjectVancouver, British Columbia--(Newsfile Corp. - December 15, 2025) - Northstar Gold Corp. (CSE: NSG) (\"Northstar\" or the \"Company\"), is pleased to announce the Company has closed the first tranche of previously announced non-brokered private placements (the \"Offering\") of hard dollar, flow through and \"non-dilutive\" advanced royalty units (\"Units\"). (Please see Northstar News Release dated October 29, 2025) The Offering consisted of the issuance of 7,345,000 flow-through units (\"Flow-Through Units\") for proceeds of $440,700.00, 3,300,000 non-flow through units for proceeds of $165,000.00 (the \"Non-Flow Through Units\") and $250,000.00 through the issuance of royalty units (\"Royalty Units\"), for a cumulative Tranche 1 total of $855,700. The Flow-Through Units were issued at $0.06 and are comprised of one flow through common share designed as a flow-through share under the provisions of the Income Tax Act (Canada) and one non-flow flow through share purchase warrant. Each full warrant is exercisable into one non-flow through common share at an exercise price of $0.08 for a period of 24 months. The Non-Flow Through Units were issued at $0.05 and are comprised of one common share and one share purchase warrant. Each full purchase warrant is exercisable into common shares at a price of $0.05 for a period of 24 months (collectively the \"Warrants\"). The Company also issued 10 Royalty Units at $25,000 each. Each Royalty Unit includes 300,000 Warrants exercisable at $0.05 for three years and is secured by a royalty-type interest in future Cam Copper free cash flow. Under this structure, 50% of the project's free cash flow will be distributed quarterly to investors until each investor has received a return of up to 4x the accrued principal amount (being the amount invested plus accrued interest), backed by cash flow from commercial production from the Cam Copper Project. The Royalty Units will accrue interest at a rate of 10% per annum for a maximum of three years. Investors may, at any time, prior to the commencement of commercial production at the Cam Copper mine, convert their outstanding accrued investment balance into common shares at C$0.08 per share, subject to customary stock exchange approvals. Northstar insiders particip...