North Peak Resources Finalizes Non-Brokered Private Placement

North Peak Resources Ltd., a Canadian gold exploration company, has concluded the second and final tranche of its previously announced non-brokered private placement. The final tranche closed on March 25, 2026, yielding gross proceeds of $1,245,000. The total funding from the placement now stands at $5,675,000.

The placement involved the issuance of 1,245,000 equity units at $1.00 each. Each unit includes one common share and a warrant to purchase an additional share at $1.50 within 12 months. The company can accelerate the warrant expiry if shares consistently trade at or above $2.00.

Funds raised are earmarked for ongoing drilling at the Prospect Mountain property in Nevada's Eureka mining camp, business development, and administrative expenses. Subject to TSX Venture Exchange review, cash finder's fees and warrants were awarded for introductions made during Tranche 2.