By Devika Patel
Knoxville, Tenn., Dec. 10 - Northern Star Mining Corp. said it has arranged an approximately C$1.5 million non-brokered private placement of shares.
The company plans to sell up to 1.36 million flow-through common shares at C$1.10 each.
The company may pay a 5% cash finder's fee for this deal.
Proceeds will be used for exploration.
Vancouver, B.C.-based Northern Star is a development/advanced exploration stage company engaged in the acquisition, exploration and development of mineral properties in Quebec.
| Issuer: | Northern Star Mining Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$1.5 million
|
| Shares: | 1.36 million
|
| Price: | C$1.10
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Fees: | 5% in cash
|
| Pricing date: | Dec. 10
|
| Stock symbol: | TSX Venture: NSM
|
| Stock price: | C$0.90 at close Dec. 7
|
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