Sixty North Gold Announces Non-Brokered $1,500,000 Unit Offering

Executive Summary

• Sixty North Gold Mining Ltd. announced a non‑brokered financing of up to 13,636,363 units at $0.11 per unit, targeting gross proceeds of up to C$1.5 million.
• Each unit consists of one common share and one non‑transferable warrant exercisable at C$0.15 per share for 24 months; a hold period of four months plus one day applies.
• Proceeds will be used to advance exploration and development of the Mon Gold Property, including acquisition, installation, and commissioning of a 100 tpd gold mill slated for summer 2026.

Key Details

• Units Offered: Up to 13,636,363 units at C$0.11 per unit.
• Gross Proceeds Target: Up to C$1,500,000.
• Unit Composition:
• 1 common share (the “Share”).
• 1 non‑transferable common share purchase warrant (“Warrant”) – exercisable for one additional Share at C$0.15 per Share for a period of 24 months from the closing date.
• Finder Compensation: Leede Financial Inc. will receive 8% cash fees and 8% of the proceeds in warrants on amounts raised from investors it introduces.
• Resale Restrictions: Units are subject to a hold‑period legend prohibiting resale until four months and one day after issuance.
• Use of Proceeds:
• Further exploration and development of the Mon Gold Property (Northwest Territories).
• General working capital requirements.
• Related Party Participation: Insiders may participate; the company will rely on exemptions under MI 61‑101 because the fair market value of related‑party consideration does not exceed 25% of market capitalization.
• Strategic Context (CEO Quote): “This financing will expedite Sixty North Gold's plans to acquire, install and commission the 100 tpd gold mill in the summer of 2026… The Company has invested over $9 million in acquiring and developing its wholly‑owned past producing Mon Gold Mine.”

Notable Quotes

• Dave Webb, President & CEO: “This financing will expedite Sixty North Gold's plans to acquire, install and commission the 100 tpd gold mill in the summer of 2026 at its fully‑permitted Mon Gold Mine… The Company has invested over $9 million in acquiring and developing its wholly‑owned past producing Mon Gold Mine.”