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Sixty North Gold Announces Closing of Second and Final Tranche of Non-Brokered Unit Offering
Vancouver, British Columbia--(Newsfile Corp. - April 2, 2025) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F40) (OTC Pink: SXNTF) (the "Company" or "Sixty North Gold") is pleased to report that further to its news releases of March 18th and March 21, 2025, the Company has closed the second and final tranche of 1,737,500 units (the "Units") at an offering price of $0.0825 to raise additional gross proceeds of $143,343.75 (the "Second Closing").Each ...
About this update from Sixty North Gold Mining Ltd
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - April 2, 2025) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F40) (OTC Pink: SXNTF) (the "Company" or "Sixty North Gold") is pleased to report that further to its news releases of March 18th and March 21, 2025, the Company has closed the second and final tranche of 1,737,500 units (the "Units") at an offering price of $0.0825 to raise additional gross proceeds of $143,343.75 (the "Second Closing").","length":492,"tagName":"p"},{"type":"text","content":"Each Unit consists of one (1) common share (the "Share") of the Company and one (1) non-transferable share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one additional Share of the Company at a price of $0.11 per Share for a period of eighteen (18) months; provided that if the closing market price of the Issuer's Shares on the Canadian Securities Exchange ("CSE") is greater than $0.18 per Share for a period of ten (10) consecutive trading days, the Company may deliver a notice (the "Notice") to the holders of Warrants that the Warrants will expire at 4 p.m. Vancouver time on the date that is thirty (30) days from the date of delivery of such Notice.","length":736,"tagName":"p"},{"type":"text","content":"The securities for the second tranche of the Offering will bear a legend restricting resale until August 3, 2025. Finders' fees of $1,485 in cash and 18,000 non-transferable finders' warrants on the same terms as the Warrants were paid to a finder under the offering pursuant to the policies of the CSE. The total net proceeds raised from the two tranches was $242,094.75","length":379,"tagName":"p"},{"type":"text","content":"The proceeds from the Offering will be used for further exploration and development of the Mon Gold Property located in NWT, and for the Company's general working capital requirements.","length":188,"tagName":"p"},{"type":"text","content":"About the Company","length":17,"tagName":"p"},{"type":"text","content":"The Company is developing mining operations for gold on its 100%-owned Mon Gold Property, 40 km north of Yellowknife, NWT. Past production of the A Zone extracted 15,000 tonnes at 30 gpt gold from this vein (Company Technical Report, August 3, 2023, on SEDAR or https://sixtynort...