Business
Northstar Closes 2nd Tranche of Private Placement, Completes Cam Copper Zone 2 Infill Drill Program
Vancouver, British Columbia--(Newsfile Corp. - December 31, 2025) - Northstar Gold Corp. (CSE: N...
About this update from Northstar Gold Corp. Class A
[{"type":"text","content":"Northstar Closes 2nd Tranche of Private Placement, Completes Cam Copper Zone 2 Infill Drill ProgramVancouver, British Columbia--(Newsfile Corp. - December 31, 2025) - Northstar Gold Corp. (CSE: NSG) (\"Northstar\" or the \"Company\"), is pleased to announce the Company has closed the second tranche of the 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).Tranche 2 of the Offering consisted of the issuance of 600,000 flow-through units (\"Flow-Through Units\") for proceeds of $36,000 and 500,000 non-flow through units for proceeds of $25,000 (the \"Non-Flow Through Units\"), for a Tranche 2 total of $61,000. This, in addition to the previously closed Tranche 1 total of $855,700, (Please see Northstar News Release dated December 15, 2025) provides for a cumulative Offerings total of $916,700. 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 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 paid a total of $2,160 in finder fees associated with the Offering and issued 36,000 finder warrants at an exercise price of $0.06 expiring 24 from the closing date of the Offering. All securities issued under the Offering are subject to a statutory four month hold period from the closing date under applicable Canadian securities laws. Northstar insiders participated in both Offering tranches. Use of ProceedsThis financing provides the initial capital platform to launch Northstar's Cam Copper Zone 2 Surgical Mining™ pilot, being advanced under a definitive Turnkey Surgical Mining Services Agreement (the \"Agreement\") executed with Novamera on October 9, 2025. (Please see Northstar News Release dated October 9, 2025). Project financing and support will be a...