Northern Superior Announces Closing Of C$5 Million Non-Brokered Private Placement Financing With Participation Of Strategic Investors And Insiders
Northern Superior Announces Closing Of C$5 Million Non-Brokered Private Placement Financing With Participation Of Strategic Investors And Insiders
02/09/23, 9:47 PM
Location
sudburyMoney raised
$5 million
Industry
mining
Round Type
seed
Investors
Northern Superior, Northern Superior Resources Inc.
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.
Company Info
Location
sudbury, ontario, canada
Additional Info
Northern Superior Resources Inc. is a junior exploration company whose focus is exploring for gold on the Superior Province of the Canadian Shield. The Company is a reporting issuer in British Columbia, Alberta, Ontario and Quebec, and trades on the TSX Venture Exchange under the symbol SUP.