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 6,000,000 units at $0.25 per unit, targeting gross proceeds of up to $1.5 million.
• Each unit consists of one common share and ½ of a common‑share purchase warrant; the warrant is exercisable for one additional share at $0.30 within one year after closing.
• Proceeds will be used to fund further exploration and development of the Mon Gold Property (NWT) and for general working capital.

Key Details

• Offering Size: Up to 6,000,000 units → maximum gross proceeds $1,500,000.
• Unit Composition: 1 common share + ½ warrant; each full warrant allows purchase of one additional share at $0.30.
• Warrant Terms: Exercisable for one year from the closing date; price per share $0.30.
• Finder Compensation: Eligible finders may receive up to 8% cash and 8% warrants on proceeds received from investors they introduce. Leede Financial Inc. appointed as Finder.
• Resale Restrictions: Units subject to a hold‑period legend; resale prohibited until four months and one day after issuance.
• Use of Proceeds: Primarily for exploration and development of the Mon Gold Property in the Northwest Territories, plus general working capital.
• Insider Participation: Insiders may participate; transaction qualifies as a “related party transaction” under CSE Policy 5.9 and MI 61‑101, with exemptions applied because the fair market value does not exceed 25% of market capitalization.

Notable Quotes

“The financing will provide essential capital to advance our Mon Gold Property development and sustain our ongoing exploration programs.” – Dave Webb, President & CEO

All forward‑looking statements are subject to risks and uncertainties detailed in the company’s public filings.