By Sheri Kasprzak
Atlanta, March 8 - Northern Star Mining Corp. said it plans to raise up to C$4.5 million in a private placement.
The offering includes up to 10 million units at C$0.45 each.
The units are comprised of one share and one half-share warrant. The whole warrants allow for an additional share at C$0.55 each for 18 months.
The deal is being placed through a syndicate of agents including Canaccord Capital Corp. and Octagon Capital Corp.
Based in Vancouver, B.C., Northern Star is a gold exploration company. It plans to use the proceeds for exploration on its Midway project and for working capital.
| Issuer: | Northern Star Mining Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$4.5 million (maximum)
|
| Units: | 10 million (maximum)
|
| Price: | C$0.45
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.55
|
| Placement agents: | Canaccord Capital Corp. and Octagon Capital Corp.
|
| Pricing date: | March 8
|
| Stock price: | C$0.495 at close March 7
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
