Sixty North Gold to Close Second and Final Tranche of Unit Offering

Core Points - Sixty North Gold Mining Ltd. is closing the second and final tranche of its offering, consisting of 8,904,320 units for gross proceeds of $979,475.20, bringing total gross proceeds to $1,649,969.20 [1][4] - Each unit is priced at $0.11 and includes one common share and one non-transferable common share purchase warrant, exercisable at $0.15 for 24 months [2] - Finder's fees of $76,758 in cash and 697,800 finder's warrants were paid on portions of the second tranche [3] Financial Details - The total gross proceeds from both tranches of the offering amount to $1,649,969.20 [1] - The net proceeds will be allocated for exploration and development of the Mon Gold Property and general working capital [4] Company Overview - Sixty North Gold is developing mining operations at its 100% owned Mon Gold Project, which previously extracted 15,000 tonnes of ore, recovering an estimated 15,000 ounces of gold [5] - The North Ramp has been reopened and extended to target portions of the vein, with plans to develop stopes in various zones to support a 100 tpd gravity-flotation mill [5] - The Yellowknife gold camp has a history of significant gold production, with two mines averaging 30 gpt gold or better [6]