Workflow
Common shares of Northern Lights Resources
icon
Search documents
Northern Lights Resources Announces Closing of Upsized Non-Brokered Private Placement
Thenewswire· 2025-12-17 22:10
Core Viewpoint - Northern Lights Resources Corp. has successfully closed a non-brokered private placement, raising gross proceeds of C$400,000 due to strong investor demand [1][4]. Group 1: Offering Details - The Offering consisted of units priced at $0.10 each, with each unit comprising one common share and one common share purchase warrant [2]. - Each warrant allows the holder to acquire an additional common share at $0.10 for a period of 36 months from issuance [2]. Group 2: Use of Proceeds - Proceeds from the Offering will be allocated to advance exploration activities on the Company's mineral properties and for general corporate purposes [3]. Group 3: Company Insights - The CEO of Northern Lights highlighted the strong demand for the financing as a reflection of the company's work and the potential of its exploration portfolio, expressing gratitude for the support from shareholders [4]. - Northern Lights Resources is focused on three key projects: the Horetzky Copper Project, the Pup Copper Project, and the Secret Pass Gold Project, along with holding a 1% NSR royalty on the Medicine Springs Silver Project [9].