Core Viewpoint - Norsemont Mining Inc. has successfully closed the second and final tranche of its non-brokered private placement, raising a total of US$10,929,000 through the issuance of convertible debentures and warrants, which will be utilized for working capital and the advancement of the Choquelimpie project [1][3][4]. Financing Details - The second tranche involved the issuance of US$3,400,000 in convertible debentures and 2,726,800 warrants, contributing to the overall gross proceeds of US$10,929,000 [2]. - Each convertible debenture unit consists of a US$1,000 principal amount convertible debenture and 802 transferable common share purchase warrants, with a conversion price of C$0.86 per share and a warrant exercise price of C$1.00 per share [4]. Project Development - The proceeds from the offering are earmarked for general working capital, mineral exploration, and the development of the Choquelimpie gold-silver-copper project, which has significant existing infrastructure and a substantial mineral resource estimate [3][10]. - The Choquelimpie project has an indicated mineral resource of 1,731,000 gold ounces and 33,233,000 silver ounces, along with an inferred resource of 446,000 gold ounces and 7,219,000 silver ounces [10]. Shareholder Support - The CEO of Norsemont Mining expressed gratitude for Crescat's increased ownership and the support from other strategic shareholders, indicating a positive outlook for collaboration in advancing the Choquelimpie project [3]. Securities Information - All securities issued in connection with the offering are subject to a restricted period of four months and one day from the closing date [6].

Core Viewpoint - Norsemont Mining Inc. has successfully closed the first tranche of its non-brokered private placement, raising US$7,529,000 (approximately CAD$10,375,715) through the issuance of unsecured convertible debenture units and warrants, which will support its upcoming drill program and production strategy for the Choquelimpie project [1][2]. Financing Details - The first tranche of the Offering involved the issuance of US$7,529,000 in principal amount of Convertible Debentures and 6,035,258 Warrants, resulting in total gross proceeds of US$7,529,000 (approximately CAD$10,375,715) [1]. - The terms of the Offering have been amended to allow for gross proceeds of up to US$10,000,000 (approximately CAD$13,794,400), with a 30% over-allotment option [2]. Use of Proceeds - Proceeds from the Offering are intended for general working capital, mineral exploration, and advancing the Choquelimpie gold-silver-copper project [3]. Convertible Debenture Unit Structure - Each Convertible Debenture Unit consists of one convertible debenture with a principal amount of US$1,000, convertible into common shares at a price of CAD$0.86, and includes 802 transferable common share purchase warrants, each allowing the purchase of one common share at CAD$1.00 for three years [4]. - The Convertible Debentures carry an interest rate of 5.25% per annum and have a maturity date of three years from the closing date [4]. Project Overview - Norsemont Mining owns a 100% interest in the Choquelimpie project, which has an indicated mineral resource estimate of 1,731,000 gold ounces and 33,233,000 silver ounces, along with an inferred mineral resource of 446,000 gold ounces and 7,219,000 silver ounces [10]. - The Choquelimpie project is a past-producing mine with significant existing infrastructure, including roads, power, water, camp, and a 3,000-tonne-per-day mill [10].

Core Viewpoint - Norsemont Mining Inc. is initiating a CAD$10 million non-brokered private placement of unsecured convertible debenture units to support its operations and project advancements [1][5][6] Financing Details - The offering consists of convertible debenture units priced at US$1,000 each, convertible into common shares at CAD$0.86 per share, along with 802 transferable common share purchase warrants priced at CAD$1.00 per share [1] - The convertible debentures will bear an interest rate of 5.25% per annum and have a maturity date of three years from the closing date [1] - The financing is expected to close on December 17, 2025, pending the standard notice period required by the Canadian Securities Exchange [2] Conversion and Acceleration Rights - If the common shares exceed CAD$3.00 for 10 consecutive trading days, the company may issue a notice for automatic conversion of the convertible debentures into common shares [3] - If the common shares close at CAD$1.75 or greater for 10 consecutive trading days, the company may accelerate the expiry of the warrants [4] Use of Proceeds - Proceeds from the offering are intended for general working capital and to advance the Choquelimpie Gold-Silver-Copper project [5] Company Overview - Norsemont Mining holds a 100% interest in the Choquelimpie project, which has an indicated mineral resource estimate of 1,731,000 gold ounces and 33,233,000 silver ounces [9] - The project is located in northern Chile and has significant existing infrastructure, including a 3,000-tonne-per-day mill [9]