North Peak Announces Increase in Size of Its Non-Brokered Private Placement

Core Viewpoint - North Peak Resources Ltd. has announced an increase in the maximum potential amount of its non-brokered private placement to C$5,750,000, consisting of up to 5,750,000 equity units priced at C$1.00 each [1]. Group 1: Private Placement Details - Each unit in the private placement will include one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at C$1.50 for 12 months [2]. - The warrants will have an acceleration provision, allowing the company to shorten the expiry date if the common shares trade at or above C$2.00 for 20 consecutive trading days [3]. Group 2: Use of Proceeds - The proceeds from the private placement will be used to advance drilling at the Prospect Mountain property, support business development, and cover general administrative expenses [4]. Group 3: Company Overview - North Peak Resources is a Canadian gold exploration and development company listed on the TSX Venture Exchange and OTCQB, founded by a team with a strong track record in acquiring mining assets and modern exploration techniques [6]. - The flagship property, Prospect Mountain Mine complex, is located in the Southern Eureka Gold Belt, known for various styles of mineralization including gold and silver [7].