Business
Northisle Announces Upsize of Financing to C$35 Million; Wheaton Precious Metals to Invest C$5 Million
VANCOUVER, British Columbia, July 17, 2025--Northisle is pleased to announce that it has upsized its previously announced financing to C$35 million.
About this update from Wheaton Precious Metals Corp
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":205,"url":"https://media.zenfs.com/en/business-wire.com/8983bf4aa2b6c2f9b7943e9ab2e6ca0f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/lxxH85OVEnDXTVb6oYSLhA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQxMDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/8983bf4aa2b6c2f9b7943e9ab2e6ca0f","width":480,"height":205}},"lazy":false},{"type":"text","content":"NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES","length":179,"tagName":"p","attribs":{}},{"type":"text","content":"VANCOUVER, British Columbia, July 17, 2025--(BUSINESS WIRE)--Northisle Copper and Gold Inc. (TSXV: NCX, OTCQX:NTCPF) ("NorthIsle" or the "Company") is pleased to announce that, as a result of strong investor demand, it has entered into an agreement with Paradigm Capital Inc. ("Paradigm") as lead agent and sole bookrunner on behalf of a syndicate of agents including Agentis Capital Markets Limited Partnership, Red Cloud Securities Inc., Ventum Financial Corp., and Raymond James Ltd. (collectively, the "Agents"), to increase the Company’s previously announced brokered and non-brokered financings to C$35 million.","length":657,"tagName":"p"},{"type":"text","content":"Brokered Private Placement","length":26,"tagName":"p"},{"type":"text","content":"Pursuant to the amended terms of the financing, the brokered private placement (the "Brokered Offering") will now comprise total proceeds of up to approximately $30,002,847, consisting of up to 9,338,000 common shares of the Company that qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) (the "CFT Shares") to be issued to subscribers at a price of $1.6065 per CFT Share, and up to 14,287,000 common shares of the Company (the "Non-FT Shares" and together with the CFT Shares, the "Offered Shares") at a price of $1.05 per Non-FT Share.","length":642,"tagName":"p"},{"type":"text","content":"In addition, the Company has granted the Agents an option (the "Agents’ Option") to sell additional Offered Shares...