Northisle Announces Closing of Private Placement
15 11월 2019 - 6:30AM
Northisle Copper and Gold Inc.
(TSX-V:NCX)(“Northisle” or the “Company”) announces that
it has closed the private placement announced on October 22, 2019.
Closing consisted of the issuance of 1,500,000 flow-through common
shares at a price of $0.08 per share, for total consideration of
$120,000.
Northisle paid a cash finders’ fee of $6,000 in connection with
this private placement to BMO Nesbitt Burns.
All of the securities issued pursuant to this private placement,
including any shares issued pursuant to the exercise of the share
purchase warrants forming part of the units, are subject to a hold
period which expires on March 7, 2020.
The proceeds will be used by Northisle to finance additional
metallurgical testing with the intent of improving recoveries,
which could have a positive impact on the economics of the
project.
For more information on Northisle please visit the Company’s
website at www.Northisle.ca.
On behalf of Northisle Copper and Gold Inc.
“John McClintock”
John McClintock, P. Eng President, CEO and Director
www.northisle.ca
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
This news release contains forward-looking statements. These
forward-looking statements are based upon the reasonable beliefs of
Northisle and its management as of the date of this news release;
however, forward-looking statements involve risks and uncertainties
and are based upon factors that may change and assumptions that may
prove, with the passage of time, to be incorrect as a result of
exploration and other risk factors associated with mineral
exploration and development that are beyond the control of
Northisle. Accordingly, undue reliance should not be placed upon
such statements. If factors materially change or assumptions are
materially incorrect, the actual results, performance or
achievements of Northisle may be materially different from any
future results, performances or achievements expressed or implied
by such forward-looking statements. Northisle does not undertake
any obligation to update or revise any forward-looking statements
to reflect new information, future events or otherwise, except as
required by applicable law.
Northisle Copper and Gold Inc. | 15th Floor, 1040
West Georgia Street | Vancouver, BC | V6E
4H1www.northisle.ca | info@northisle.ca
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