Sixty North Gold Announces Closing of Second Tranche of Unit Offering

Executive Summary

• Sixty North Gold Mining Ltd. closed the second and final tranche of its unit offering, issuing 8,904,320 units for gross proceeds of $979,475.20.
• Total gross proceeds from both tranches now amount to $1,649,969.20.
• 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 Issued (Second Tranche): 8,904,320 units at $0.11 per unit.
• Gross Proceeds (Second Tranche): $979,475.20.
• Total Gross Proceeds (Both Tranches): $1,649,969.20.
• Unit Composition: Each unit consists of one common share and one non‑transferable common share purchase warrant.
• Warrant Terms: Warrants exercisable at $0.15 per share for a period of 24 months from the closing date.
• Resale Restriction: Securities issued in this tranche bear a legend restricting resale until March 22, 2026.
• Finder’s Fees Paid: $76,758 in cash and 697,800 finder’s warrants (same terms as the offering warrants).
• Insider Participation: No insiders participated in the second tranche.
• Use of Proceeds: Funding exploration and development activities at the Mon Gold Property and general working capital needs.

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 boilerplate, forward‑looking statements, and disclaimer sections have been omitted for brevity.