sur 55 North Mining Inc. (CVE:FFF)
55 North Mining Inc. Announces $6 Million Private Placement
Toronto-based 55 North Mining Inc. (CSE:FFF)(FSE:6YF) has announced a non-brokered private placement. The company plans to issue up to 12 million common shares at $0.50 each, targeting gross proceeds of $6 million. Notably, the offering omits any warrant components. The Canadian Securities Exchange (CSE) granted price protection for this placement, set at $0.50 per share. The anticipated closing date is October 15, 2025, following necessary approvals.
The funds are earmarked for a new drilling program and general corporate purposes. Currently, 55 North Mining has around 24.5 million common shares in circulation. Completion of this offering could increase the total to approximately 36.5 million shares.
R. H.
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