Northern Lights Resources Announces Closing of Upsized Non-Brokered Private Placement

Executive Summary

• Northern Lights Resources Corp. closed an upsized non‑brokered private placement, raising gross proceeds of C$400,000.
• Units were sold at $0.10 each and include one common share plus a warrant to purchase an additional share at $0.10 for 36 months.
• Proceeds will be used to fund exploration on the company’s three permitted mineral properties and for general corporate purposes.

Key Details

• Offering Size: Gross proceeds of C$400,000 (upsized due to strong investor demand).
• Unit Price: $0.10 per Unit.
• Unit Composition: 1 common share + 1 common share purchase warrant.
• Warrant Terms: Right to acquire one additional common share at $0.10 per share; exercisable for 36 months from issuance date.
• Use of Proceeds: Advance exploration activities on the Horetzky Copper Project (BC), Pup Copper Project (Yukon), and Secret Pass Gold Project (Arizona); also for general corporate purposes.
• No Finder’s Fees: The transaction incurred no finder’s fees.
• Statutory Hold Period: All securities subject to a hold period of four months and one day under Canadian securities law.
• Qualified Person: Steven McMullan, P.Geo., reviewed and approved the technical information in accordance with NI 43‑101.

Notable Quotes

“The impressive demand for this hard dollar, upsized financing is a reflection of the strength of the work we’re doing and the potential of our exploration portfolio… enabling us to advance our three permitted properties, fast‑tracking strategic initiatives aimed at unlocking substantial value for our shareholders.” – Luka Capin, CEO

Materiality Assessment: Material – Positive (the financing provides significant capital to fund ongoing exploration projects, which is a material development for the company).