Northern Shield increases financing to $1.16-million

Executive Summary

• Northern Shield Resources Inc. has closed the first tranche of its non-brokered private placement, raising $835,000 in gross cash proceeds.
• The company upsized the total offering size from $1.1 million to $1.16 million due to investor demand, with the second and final tranche expected to close around November 7, 2025.
• Proceeds from the first tranche will be used to continue the diamond drill program at the Root & Cellar property and for general working capital.

Key Details

• Total Offering Upsize: The aggregate gross proceeds for the private placement were increased from $1.1 million to $1.16 million.
• First Tranche Closing: Closed for aggregate gross cash proceeds of $835,000.
• Securities Issued (First Tranche):
  • Common Units: 6.7 million units issued at $0.05 per unit. Each unit consists of one common share and one common share purchase warrant.
  • Flow-Through (FT) Units: 9,090,910 FT units issued at $0.055 per unit. Each FT unit consists of one common share issued on a flow-through basis and one-half of one common share purchase warrant.
• Warrant Terms:
  • FT Warrants: Each whole FT warrant is exercisable for one common share at $0.075 per share within 12 months of closing.
  • Common Warrants: Each warrant is exercisable for one common share at $0.075 per share within 36 months of closing.
• Second Tranche: Closing anticipated on or about November 7, 2025, subject to customary conditions including TSX Venture Exchange approval.
• Hold Period: All securities issued are subject to a four-month-and-one-day statutory hold period.
• Finders' Fees: No finders' fees were paid in cash or securities under the first tranche.
• Use of Proceeds: Continued diamond drill program at the Root & Cellar property and general working capital.