Sixty North Gold Announces Non-Brokered $1,500,000 Unit Offering

Core Viewpoint - Sixty North Gold Mining Ltd. is initiating a non-brokered financing to raise up to $1,500,000 through the sale of units priced at $0.11 each, aimed at supporting exploration and development activities at the Mon Gold Property [1][4]. Financing Details - The financing will consist of up to 13,636,363 units, each unit comprising one common share and one non-transferable common share purchase warrant, exercisable at Cdn.$0.15 for 24 months [1][2]. - Leede Financial Inc. will act as a Finder for the transaction, receiving 8% in cash and 8% in warrants on the proceeds from investors [3]. Use of Proceeds - Proceeds from the offering will be allocated for further exploration and development of the Mon Gold Property and for general working capital [4]. Company Development Plans - The financing is expected to expedite plans to acquire and commission a 100 tonnes per day gold mill at the Mon Gold Mine by summer 2026, with over $9 million already invested in the project [5]. - The Mon Gold Project has previously extracted 15,000 tonnes of ore, recovering an estimated 15,000 ounces of gold in the 1990s, and plans to develop additional stopes for further extraction [6]. Exploration Potential - The property also hosts additional gold, silver, and base metal targets that will be explored as warranted [7]. - The Yellowknife gold camp, where the Mon Mine is located, has a history of significant gold production, contributing to the potential for future exploration success [7].