Mr. Bruce Reid reports
55 NORTH MINING INC. ANNOUNCES UPSIZE OF NON-BROKERED PRIVATE PLACEMENT TO $930,000
55 North Mining Inc. has increased the size of its previously announced non-brokered private placement of units to $930,000. Each unit, priced
at one cent, comprises one common share and one common share
purchase warrant, entitling the holder to acquire one additional common share
at a price of one cent per share for a period of 48 months from the date of issuance. All common
shares issued in connection with the offering will be subject to a statutory hold period of four
months plus a day from the date of issuance. The gross proceeds from the sale of the units will
be used for general corporate purposes and for exploration in its mineral property in Manitoba.
The warrants are exercisable only where the minimum exercise price becomes at least five cents per
common share through consolidation.
About 55 North Mining Inc.
55 North Mining is an exploration and development company advancing its high-grade Last
Hope gold project, located in Manitoba, Canada.
We seek Safe Harbor.
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