Sixty North Gold Announces a Non-Brokered Private Placement to Raise up to $1.5 Million
Sixty North Gold Announces a Non-Brokered Private Placement to Raise up to $1.5 Million
Vancouver, British Columbia--(Newsfile Corp. - May 1, 2023) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F40) (OTC Pink: SXNTF) (the "Company" or "Sixty North Gold") announces a non-brokered private placement to raise $1.5 million for the Mon Gold Mine and general corporate purposes.
溫哥華，不列顛哥倫比亞省-(Newsfile Corp.-2023年5月1日)-Sixty North Gold Mining Ltd.(CSE：SXTY)(FSE：2F40)(場外粉色股票代碼：SXNTF)(The公司“或”六十枚北金“)宣佈進行非經紀私募，以籌集150萬美元作蒙金礦及一般企業用途。
Sixty North Gold announces that, subject to exchange approval, it is raising up to $1.5 million by selling up to 12,500,000 units ("Units") at $0.12 per Unit (the "Offering"). Each Unit will consist of one (1) common share (the "Share") of the Company and one (1) non-transferable share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one additional Share of the Company at a price of $0.18 per Share for a period of two (2) years, provided that if the closing market price for the Issuer's Shares on the Canadian Securities Exchange ("CSE") is greater than $0.28 per Share for a period of ten (10) consecutive trading days, then the Company may deliver a notice (the "Notice") to the warrant holders notifying such holders that the Warrants must be exercised within thirty (30) days from the date of delivery of such Notice, otherwise the Warrants will expire at 4:00 p.m. (Vancouver time) on the thirty-first (31st) day after the date of delivery of the Notice. The securities will be subject to a "hold period" prohibiting resale for 4 months and a day from the date of closing (the "Closing Date"). The terms of the Offering are subject to satisfactory notice to the CSE.
60North Gold宣佈，待交易所批准，它將以每單位0.12美元的價格出售最多12,500,000個單位(“單位”)，以籌集至多150萬美元(“發售”)。每個單位將包括一(1)股本公司普通股(“股份”)及一(1)份不可轉讓股份購買認股權證(“認股權證”)。每份認股權證將使持有人有權按每股0.18美元的價格購買一股額外的本公司股份，為期兩(2)年，條件是如果發行人股份在加拿大證券交易所(“CSE”)的收市價連續十(10)個交易日高於每股0.28美元，則本公司可向認股權證持有人發出通知(“通知”)，通知該等持有人必須在送達通知日期起計三十(30)日內行使認股權證，否則認股權證將於下午4時屆滿。(溫哥華時間)在通知送達之日後第三十一(31)天。證券將受“持有期”的限制，自交易結束之日(“交易結束日”)起計4個月零1天內禁止轉售。發售條款須向聯交所發出令人滿意的通知。
The Offering will take place by way of a private placement to qualified investors in all of the provinces of Canada. Canadian subscribers must be "accredited investors" (as that term is defined in National Instrument 45-106 Prospectus and Registration Exemptions ("NI 45-106")), or otherwise qualified to invest under NI 45-106. Subscribers from international jurisdictions, and "accredited investors" in the USA (as that term is defined under applicable US securities legislation), may also participate subject to applicable local securities laws. On the Closing Date, the Company will pay to registered broker-dealer finders a cash fee of up to 10.0% of the gross proceeds from the sale of the Units, and shall issue to the finders, Warrants to purchase Shares equal to 10% of the Units sold by each finder (the "Finder's Warrants"). The Finder's Warrants shall have the same terms as the Warrants.
此次發行將以私募的方式向加拿大所有省份的合格投資者進行。加拿大的訂戶必須是“經認可的投資者”(該術語在國家文書45-106中有定義招股章程及註冊豁免(“NI 45-106”))，或有資格根據NI 45-106進行投資。來自國際司法管轄區的認購人和美國的“認可投資者”(該詞在適用的美國證券法中定義)也可以參與，但須遵守適用的當地證券法。於交易結束日，本公司將向註冊經紀-交易商發起人支付最高達出售單位總收益10.0%的現金費用，並向發現者發行認股權證，以購買相當於每名發現者售出單位10%的股份(“發現者認股權證”)。發現者的認股權證應具有與認股權證相同的條款。
About the Company
關於本公司
The Company is developing mining operations for gold on the Mon Gold Property, 40 km north of Yellowknife, NWT. Past production extracted 15,000 tonnes of ore to depths of only 15 m below surface, recovering an estimated 15,000 ounces of gold. The North Ramp has been reopened and has been extended to within 60 m of the target portion of the vein. The Company plans to extend the ramp to where some high-grade historic holes intersected the vein beneath the previously mined stopes. The plan is to install cross-cuts and raises within the vein to extract and stockpile the vein material on surface. Upon confirmation of the grade and tonnage later this year, a permitted mill will be brought in to process this and ongoing mined material.
該公司正在西北部耶洛奈夫以北40公里的Mon Gold礦區開發黃金開採業務。過去的生產開採了15,000噸礦石，深度僅為地表以下15米，估計回收了15,000盎司黃金。北坡已重新開放，並已延伸至距離礦脈目標部分不到60米的範圍內。本公司計劃將坡道延伸至一些高品位歷史洞穴與先前開採的採場下的礦脈相交的地方。計劃是在靜脈內安裝橫切和凸起，以提取和儲存表面的靜脈材料。在今年晚些時候確認品位和噸位後，將引入一個允許的磨坊來處理這些和正在開採的材料。
The Mon Gold Property mining leases and mineral claims are located 45 km north of the City of Yellowknife, NWT.
Mon Gold Property採礦租約和礦產主張位於西北部耶洛奈夫市以北45公里處。
For more information, please refer to the Company's public filings available on SEDAR (), under the Company's profile.
欲瞭解更多資訊，請參閱公司在SEDAR上的公開申報檔案()，在公司簡介下。
ON BEHALF OF THE BOARD OF DIRECTORS
我代表董事會
"Dave Webb"
Dave Webb, President & CEO
《戴夫·韋伯》
戴夫·韋伯，總裁&首席執行官
For further information, please contact:
Dave Webb
Tel.: 604 818-1400
Email: dave@drwgcl.com
Website:
如需更多資訊，請聯繫：
戴夫·韋伯
電話：604818-1400
電子郵件：郵箱：dave@drwgcl.com
網站：
Statements about the Company's future expectations and all other statements in this press release other than historical facts are "forward looking statements". Such forward-looking statements are based on numerous assumptions, and involve known and unknown risks, uncertainties and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements. Further details about the risks applicable to the Company are contained in the Company's public filings available on SEDAR (), under the Company's profile.
本新聞稿中有關公司未來預期的陳述以及除歷史事實以外的所有其他陳述均為“前瞻性陳述”。此類前瞻性表述基於大量假設，涉及已知和未知的風險、不確定性和其他因素，包括礦產勘探和開發中固有的風險，可能導致公司的實際結果、業績或成就與此類前瞻性表述明示或暗示的預期未來結果、業績或成就大不相同。有關適用於該公司的風險的更多細節載於該公司的公開申報檔案，可在SEDAR()，在公司簡介下。
THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.
加拿大證券交易所並未批准或不批准本新聞稿的內容。
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