Northern Lights Completes $400,000 Private Placement

Core Viewpoint - Northern Lights Resources Corp has successfully completed a non-brokered private placement, raising C$400,000 through the issuance of 8,000,000 units at a price of $0.05 per unit, which will be utilized to advance the Horetzky Project and meet other working capital needs [1][2][3]. Group 1: Private Placement Details - The private placement raised gross proceeds of C$400,000 by offering 8,000,000 units at a price of $0.05 per unit [1]. - Each unit consists of one common share and one common share purchase warrant, with each warrant exercisable at a price of $0.06 for a period of 36 months from the date of issue [2]. Group 2: Use of Proceeds - The funds raised will be allocated to advancing the Horetzky Project located in the Babine Copper Porphyry Belt of Central British Columbia, as well as for other exploration and working capital requirements [3]. Group 3: Company Overview - Northern Lights Resources Corp is focused on growth through the advancement of two key projects: the Horetzky Copper Project in British Columbia and the Secret Pass Gold Project in Arizona [6]. - The company also holds a 1% NSR royalty on the Medicine Springs Silver Project in Nevada, owned by Torex Gold Resource Inc [6].