Sixty North Gold to Close Second and Final Tranche of Unit Offering

Executive Summary

• Sixty North Gold Mining Ltd. announced the closing of the second and final tranche of its unit offering, issuing 8,904,320 units for gross proceeds of $979,475.20, bringing total gross proceeds from both tranches to $1,649,969.20.
• Each unit consists of one common share and one non‑transferable warrant exercisable at $0.15 per share for 24 months; a hold period legend restricts resale for four months and one day.
• Net proceeds will be allocated to further exploration and development of the Mon Gold Property in the Northwest Territories and for general working capital.

Key Details

• Units Offered: 8,904,320 units (second tranche)
• Gross Proceeds – Second Tranche: $979,475.20
• Total Gross Proceeds (both tranches): $1,649,969.20
• Unit Composition: 1 common share + 1 non‑transferable common share purchase warrant per unit
• Warrant Exercise Price: $0.15 per share
• Warrant Term: 24 months from the Closing Date
• Hold Period Legend: Restricts resale until four months and one day after issuance
• Finder’s Fees Paid: $76,758 in cash plus 697,800 finder’s warrants (same terms as other warrants)
• Use of Proceeds: Exploration and development of Mon Gold Property; general working capital
• Pricing per Unit: $0.11 per unit

Notable Quotes

“The net proceeds from the Offering will be used for further exploration and development of the Mon Gold Property located in NWT, and for the Company's general working capital requirements.” – Dave Webb, President & CEO

All forward‑looking statements are subject to risks and uncertainties detailed in the Company’s public filings.