New Issue: Northern Shield aims for C$1.41 million in non-brokered private placement of units

By Devika Patel

Knoxville, Tenn., April 28 - Northern Shield Resources Inc. said it will raise C$1.41 million in a non-brokered private placement of units.

The company will sell up to 15,613,889 units of one common share and one half-share warrant at C$0.09 apiece. Each whole warrant is exercisable at C$0.15 for 18 months.

Proceeds will be used for exploration on Northern Shield's properties, working capital and general corporate purposes.

Northern Shield is a platinum and diamond explorer in Ottawa, Ont.

Issuer:	Northern Shield Resources Inc.
Issue:	Units of one common share and one half-share warrant
Amount:	C$1,405,250
Units:	15,613,889
Price:	C$0.09
Warrants:	One half-share warrant per unit
Warrant strike price:	C$0.15
Warrant expiration:	18 months
Agent:	Non-brokered
Pricing date:	April 28
Stock symbol:	TSX Venture: NRN
Stock price:	C$0.08 at close April 28
Market capitalization:	C$4.86 million

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