Sixty North Gold closes $1.5-million offering

Executive Summary

• Sixty North Gold Mining Ltd. closed a non‑brokered unit offering, raising $1.5 million in gross proceeds.
• Finder compensation was updated to $51,000 cash plus 480,000 finder warrants (correcting the previously reported 204,000 warrants).
• Proceeds will fund further exploration and development of the Mon gold property in the Northwest Territories and support general working capital.

Key Details

• Offering Size: $1,500,000 gross proceeds from a non‑brokered unit financing.
• Finder Compensation:
• Cash fees: $51,000 total.
• Finder warrants issued: 480,000 (previously misstated as 204,000).
• Warrants carry the same terms as those issued to investors in the offering.
• Use of Proceeds:
• Exploration and development activities at the Mon gold property.
• General working capital requirements of Sixty North Gold Mining Ltd.
• Mon Gold Property Highlights (background):
• Historically extracted ~15,000 t of ore to depths ≤15 m, recovering an estimated 15,000 oz Au in the 1990s (NI 43‑101 report, Aug 2023).
• North ramp reopened and extended toward target vein zones.
• Planned development of stopes in east limb, west limb, and DD zone to feed a 100‑t/d gravity‑flotation mill.
• Corporate Oversight: Technical content reviewed and approved by Dr. D.R. Webb, P.Geol., President & CEO.

Notable Quotes

(No direct quotes were provided in the release.)