Northern Shield Announces up to C$2.2 million Financing
Published : April 22, 2013
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OTTAWA, ONTARIO--(Marketwired - April 22, 2013) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

Northern Shield Resources Inc. ("Northern Shield") (News - Market indicators) is pleased to announce a private placement of common shares ("Common Shares") for up to C$1.5 million (the "Brokered Offering"). Macquarie Capital Markets Canada Ltd., as sole agent (the "Agent"), will conduct the Offering on a reasonable commercial efforts basis at a price of C$0.11 per Common Share (the "Issue Price"). 

Northern Shield also intends to complete a concurrent non-brokered private placement of up to an additional 6,350,000 Common Shares on the same terms as the Brokered Offering, for additional gross proceeds of up to approximately C$700,000 (together with the Brokered Offering, the "Offerings").

The net proceeds from the Offerings will be used to fund further exploration and development activities at Northern Shield's 49% owned Wabassi property in northern Ontario, exploration at Ikertoq in Greenland where Northern Shield has an option to earn a 50% interest and for general corporate purposes.

It is expected that the closing of the Offerings will occur in early May 2013 (the "Closing Date") subject to the satisfaction of certain conditions, including the approval of the TSX Venture Exchange.

Northern Shield has agreed to pay the Agent a cash fee equal to 2.0% of the gross proceeds from the Brokered Offering. As additional compensation, the Agent will be issued compensation options (the "Compensation Options") equal to 10.0% of that number of Common Shares issued in the Brokered Offering. Each Compensation Option will be exercisable to acquire one Common Share for a period of 24 months following the Closing Date at an exercise price equal to the Issue Price, subject to the approval of the TSX Venture Exchange.

Northern Shield is an innovative, results-driven Canadian company focused on Platinum Group Element (PGE) and nickel-copper-PGE exploration in Canada and Greenland and, copper-zinc-silver exploration on its Wabassi and Storm properties in northern Ontario. Its mission is to create a successful mineral exploration company through technical excellence and efficient management, where success is measured by the identification and development of high-quality mineral exploration projects, which may ultimately be optioned, sold or developed for maximum return on investment. For further information on Northern Shield and its properties, please visit our website.

This press release is not an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and such securities may not be offered or sold within the United States or to a U.S. person absent registration or an applicable exemption from U.S. registration requirements. "United States" and "U.S. person" have the respective meanings assigned in Regulation S under the U.S. Securities Act.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Northern Shield Resources Inc.
Ian Bliss
President and CEO
(613) 232-0459
(613) 232-0760 (FAX)
info@northern-shield.com
or
Renmark Financial Communications Inc.
Barry Mire: bmire@renmarkfinancial.com
Nadia Marks: nmarks@renmarkfinancial.com
(514) 939-3989 or (416) 644-2020
www.renmarkfinancial.com
Data and Statistics for these countries : Canada | Greenland | All
Gold and Silver Prices for these countries : Canada | Greenland | All

Northern Shield Resources Inc.

EXPLORATION STAGE
CODE : NRN.V
ISIN : CA6657201084
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Northern Shield Res. is a and palladium exploration company based in Canada.

Northern Shield Res. holds various exploration projects in Canada.

Its main exploration properties are WABASSI, FAINT HOPE, FRIDAY CREEK and HIGHBANK LAKE in Canada.

Northern Shield Res. is listed in Canada and in Germany. Its market capitalisation is CA$ 2.1 millions as of today (US$ 1.6 millions, € 1.4 millions).

Its stock quote reached its highest recent level on December 29, 2006 at CA$ 1.46, and its lowest recent point on June 28, 2022 at CA$ 0.01.

Northern Shield Res. has 205 040 000 shares outstanding.

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Financings of Northern Shield Resources Inc.
5/3/2013Announces Upsize to Previously Announced Private Placement
Project news of Northern Shield Resources Inc.
6/6/2011(Wabassi)increases land holdings at Wabassi, 7,700 line kilometers of...
Corporate news of Northern Shield Resources Inc.
7/28/2016Northern Shield Defines More Copper Mineralization at Huckle...
7/12/2016Northern Shield Completes First Tranche of Financing for Gro...
6/23/2016Airborne EM Surveys Underway at Huckleberry, Séquoi and Idef...
5/11/2016Northern Shield Triples Size of Huckleberry Property and Pro...
4/13/2016Northern Shield adds $182,250 in Second Tranche of Financing...
4/7/2016Northern Shield Completes First Tranche of Financing for Gro...
9/23/2015Northern Shield Completes Financing for Gross Proceeds of $3...
12/4/2014Northern Shield Focuses in on Noril'sk-type Ni-Cu-PGE Massiv...
9/8/2014Northern Shield Continues to Expand PGEs at Idefix, Quebec
9/8/2014Continues to Expand PGEs at Idefix, Quebec
7/14/2014Northern Shield Completes Reconnaissance of PGE Targets in L...
6/19/2014Discovery Harbour Granted Option to Acquire Additional 49% I...
6/19/2014(Wabassi)Discovery Harbour Granted Option to Acquire Additional 49% I...
6/19/2014Northern Shield Receives $1.4 Million Cash and Royalties Thr...
4/1/2014Wabassi Joint Venture Partner Comments on the Agreement betw...
1/15/2014(Wabassi)Discovery Harbour Reports the Results of the Fall, 2013 Dril...
12/11/2013(Wabassi)Discovery Harbour Reports the Completion of the Fall, 2013 D...
8/29/2013Provides Updates on Idefix and Ikertoq properties; Intersect...
7/29/2013Commences Drilling for PGEs at Idefix, northern Quebec
6/13/2013Prepares to Mobilize to Greenland
5/15/2013(Wabassi)Intersects Gold Veinlet at Wabassi - Drilling to Resume to T...
5/9/2013Announces Closing of Upsized C$2.7 Million Financing
4/22/2013Announces up to C$2.2 million Financing
11/6/2012Announces Drilling Underway at Tempest Property, Northern ...
9/14/2012Finds 16.2 g/t PGEs+Au over 1 meter at Idefix Property, ...
7/18/2011Acquires Two New PGE Properties in the Labrador Trough, ...
6/29/2011Completes Private Placement for Gross Proceeds of $2.5 m...
6/2/2011(Highbank Lake)to Drill Highbank Lake
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