North Country Gold prices C$10.01 million private placement of stock

Deal has a 20% greenshoe; proceeds will finance Committee Bay Project

By Devika Patel

Knoxville, Tenn., Nov. 28 - North Country Gold Corp. said it plans a private placement of stock to raise between C$5 million and C$10.01 million.

North Country will sell up to 6,670,800 common shares at C$0.75 apiece, an 8.54% discount to the Nov. 25 closing share price of C$0.82. It also will sell between 5,561,000 and 11.12 million flow-through common shares at C$0.90 apiece, a 9.76% premium to the Nov. 25 closing share price.

The deal will be conducted on a bought-deal basis by a syndicate of underwriters led by Canaccord Genuity Corp. The underwriters have a 20% greenshoe.

Settlement is expected Dec. 20.

Proceeds will be used for exploration, capital expenditures on the company's Committee Bay Project in Nunavut and working capital.

The Edmonton, Alta.-based issuer explores for gold.

Issuer:	North Country Gold Corp.
Issue:	Common shares, flow-through common shares
Amount:	C$5,004,900 (minimum), C$10,008,000 (maximum)
Greenshoe:	20%
Warrants:	No
Agent:	Canaccord Genuity Corp. (lead)
Pricing date:	Nov. 28
Settlement date:	Dec. 20
Stock symbol:	TSX Venture: NCG
Stock price:	C$0.82 at close Nov. 25
Market capitalization:	C$76.8 million
Common stock
Amount:	C$5,003,100
Shares:	6,670,800
Price:	C$0.75
Flow-through stock
Amount:	C$5,004,900 (minimum), C$10,008,000 (maximum)
Shares:	5,561,000 (minimum), 11.12 million (maximum)
Price:	C$0.90

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