Northern Lights Resources Announces Non-Brokered Private Placement

Executive Summary

• Northern Lights Resources Corp. announced a unit offering to raise up to C$350,000 at $0.10 per unit.
• Each unit consists of one common share and one warrant exercisable at $0.10 for 36 months.
• Proceeds are earmarked for exploration on the Company’s properties and general corporate purposes.

Key Details

• Offering Size: Up to C$350,000 gross proceeds.
• Unit Price: $0.10 per unit.
• Unit Composition: 1 common share + 1 common share purchase warrant.
• Warrant Terms: Exercise price $0.10; exercisable for 36 months from issuance date.
• Use of Proceeds: Exploration activities on existing properties and general corporate purposes.
• Hold Period: Securities subject to a hold period expiring four months and one day after the closing date, per Canadian securities law.
• Finder’s Fees: No finder’s fees payable in connection with the offering.
• Regulatory Notice: Offering not registered under U.S. securities laws; not for distribution or solicitation in the United States.

Notable Quotes

• Luka Capin, Chief Executive Officer: “The capital raised will enable us to advance our exploration programs and support the continued development of our key projects.”