Business
Northstar Provides Financings and Cam Copper Surgical Mining Updates
Vancouver, British Columbia--(Newsfile Corp. - April 20, 2026) - Northstar Gold Corp. (CSE: NSG...
About this update from Northstar Gold Corp. Class A
[{"type":"text","content":"Northstar Provides Financings and Cam Copper Surgical Mining UpdatesVancouver, British Columbia--(Newsfile Corp. - April 20, 2026) - Northstar Gold Corp. (CSE: NSG) (\"Northstar\" or the \"Company\") is pleased to announce that it has closed a second tranche of its previously announced non-brokered private placement of hard dollar units (the \"Units\"), raising gross proceeds of $130,999.98.This brings total proceeds raised under the Offering to $688,999.98, following the first tranche of $558,000 (see news release dated March 9, 2026). The Company has issued an aggregate of 11,483,333 Units to date. Continued investor participation reflects growing support for Northstar's exploration and development strategy (Please see news release dated February 26, 2026 for full Offering details).Hard Dollar Financing OverviewThe second tranche consisted of 2,183,333 Units issued at $0.06 per Unit.Each Unit consists of:one (1) common share; and one (1) common share purchase warrant Each warrant entitles the holder to acquire one additional common share at an exercise price of $0.075 for a period of 60 months from issuance.All securities issued are subject to a statutory hold period of four months and one day, in accordance with applicable securities laws. Completion of the Offering remains subject to final approval of the Canadian Securities Exchange.Critical Minerals Flow-Through OfferingIn parallel, Northstar announces a non-brokered Critical Minerals Flow-Through Offering of up to $1.0 million, through the issuance of flow-through shares priced at $0.07 per share.An initial tranche of at least $300,000 is expected in the near term The financing is expected to be supported by strategic investors aligned with Northstar's critical minerals and Surgical Mining objectives Additional tranches may follow as project milestones are achieved Finder's fees or commissions may be payable in accordance with CSE policies and applicable securities laws.Strategic Funding and Project AdvancementNorthstar continues to strengthen its funding base through a combination of equity and non-dilutive sources:The Company and its consortium partners have been approved to access up to $4.0 million in co-investment funding from DIGITAL (see January 28, 2026 Northstar News Release) This funding supports the Cam Copper Surgical Mining for Critical Minerals Project, part...