Sixty North to close $600k first tranche of placement

Executive Summary

• Sixty North Gold Mining Ltd. is closing the first tranche of its non-brokered unit offering, raising up to $600,000 in gross proceeds.
• The tranche consists of up to 5,454,545 units priced at 11 cents per unit, with closing expected on or about November 5, 2025, subject to CSE approval.
• Proceeds will be utilized for the exploration and development of the Mon gold property in the Northwest Territories and for general working capital.

Key Details

• Transaction Structure: Non-brokered unit offering.
• Tranche Size: Up to 5,454,545 units in the first tranche.
• Offering Price: 11 cents per unit.
• Gross Proceeds: Up to $600,000.
• Unit Composition: Each unit comprises one common share and one non-transferable common share purchase warrant.
• Warrant Terms: Each warrant is exercisable to purchase one additional share at an exercise price of 15 cents.
• Warrant Expiry: 24 months from the closing date.
• Finder’s Fees: Eligible finders receive 8% in cash and 8% in warrants on proceeds from introduced investors. Leede Financial acted as a finder for this tranche.
• Resale Restrictions: Securities are subject to a hold period legend restricting resale for four months and one day from the date of issuance.
• Use of Proceeds: Further exploration and development of the Mon gold property (Northwest Territories) and general working capital requirements.
• Regulatory Condition: Closing is subject to the Canadian Securities Exchange (CSE) raising no objection.

Notable Quotes

• No direct quotes from management were included in the provided text.