| Northern Shield Completes First Tranche of Financing for Gross Proceeds of $1,000,000 | |
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Submitted by Nsadmin on Tue, 07/12/2016 - 13:54
Ottawa, Ontario (June 30, 2016) - Northern Shield Resources Inc. ('Northern Shield' or the 'Company') [TSX-V: NRN] is pleased to announce that it has completed the first tranche of a non-brokered private placement (the 'Private Placement') of 6,250,000 units ('Units') at a price of $0.16 per Unit for aggregate gross proceeds of $1,000,000. Each Unit is comprised of one common share in the capital of Northern Shield (a 'Common Share') and one half of one Common Share purchase warrant (a 'Warrant'). Each whole warrant is exercisable for one Common Share at a price of $0.22 per share until July 1, 2019 provided that should the Common Shares trade on the TSX Venture Exchange (the 'TSXV') for 20 consecutive trading days at a price equal to or more than $0.50, the Warrants will expire five days later. The Common Shares and Warrants underlying the Units are subject to a four month hold period from the date of issuance and the Private Placement remains subject to the final approval of the TSX Venture Exchange. + Read More
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Northern Shield Resources Inc.
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EXPLORATION STAGE |
CODE : NRN.V |
ISIN : CA6657201084 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Northern Shield Res. is a and palladium exploration company based in Canada. Northern Shield Res. holds various exploration projects in Canada. Its main exploration properties are WABASSI, FAINT HOPE, FRIDAY CREEK and HIGHBANK LAKE in Canada. Northern Shield Res. is listed in Canada and in Germany. Its market capitalisation is CA$ 12.3 millions as of today (US$ 9.0 millions, € 8.4 millions). Its stock quote reached its highest recent level on December 29, 2006 at CA$ 1.46, and its lowest recent point on August 11, 2022 at CA$ 0.01. Northern Shield Res. has 205 040 000 shares outstanding. |