Northern Superior Announces Closing Of C$5 Million Non-Brokered Private Placement Financing With Participation Of Strategic Investors And Insiders
Feb 09, 2023•over 2 years ago
Amount Raised
$5 Million
Round Type
seed
Investors
Northern SuperiorNorthern Superior Resources Inc.
Description
TORONTO, ON / February 9, 2023 / Northern Superior Resources Inc. ("Northern Superior" or the "Company") (TSXV:SUP)(OTCQB:NSUPF) is pleased to announce that it has completed the closing (the "Closing") of its CDN$5M non-brokered equity private placement announced on January 24, 2023 (the "Offering"). In connection with the Closing, the Company issued 10,000,000 common shares (each, a "Share") at an issue price of CDN$0.50 per Share, for gross proceeds of CDN$5,000,000. The proceeds of the Offering will be used to fund exploration activities on one or more of its properties and for general corporate purposes.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers