Nord Precious Metals Announces FT Unit Private Placement

Executive Summary

• Nord Precious Metals Mining Inc. announced a non‑brokered private placement of 16 million flow‑through units at $0.25 per unit, generating gross proceeds of $4 million.
• Each FT Unit consists of one common share and half of a share purchase warrant (full warrant exercisable at $0.28 per share for two years).
• The company entered into a Finder’s Fee Agreement and an Advisory Agreement with Research Capital Corporation, paying cash commissions and issuing additional warrants/shares as compensation.

Key Details

• Financing Structure: 16,000,000 FT Units @ $0.25 each → $4,000,000 gross proceeds.
• Unit Composition: 1 common share + ½ share purchase warrant; full warrant allows purchase of one additional share at $0.28 per share.
• Warrant Terms: Exercise price $0.28; term two years from closing; subject to TSXV approval.
• Acceleration Clause: If the daily VWAP exceeds $0.36 for ten consecutive trading days, Nord may give notice to accelerate warrant expiry 30 days after notice.
• Statutory Hold Period: All securities issued are subject to a four‑month‑plus‑one‑day hold period under Canadian securities law.
• Finder’s Fee Agreement: Finder receives cash commission equal to 8.0% of gross proceeds (≈ $320,000) and non‑transferable common share purchase warrants equal to 8.0% of FT Units sold.
• Advisory Agreement: 60‑day term; Finder paid $25,000 cash plus issuance of 100,000 Common Shares (subject to the same hold period).
• Use of Proceeds: To fund Canadian exploration expenses that qualify as flow‑through critical mineral mining expenditures under the Canada Income Tax Act.
• Closing Conditions: Subject to regulatory approvals, including TSXV approval.

Notable Quotes

“We are pleased to secure this financing which will enable us to advance our exploration program and further develop our high‑grade silver and battery‑metal assets.” – Frank J. Basa, President & CEO