NORTH ARROW CLOSES $4 MILLION NON-BROKERED PRIVATE PLACEMENT FINANCING

Executive Summary

• North Arrow Minerals closed a $4 million non‑brokered private placement, issuing 16,666,750 units at $0.24 per unit.
• Each unit includes one common share and half of a transferable warrant exercisable at $0.36 per share until March 5 2028.
• Proceeds will be used to fund exploration activities on the Kraaipan Gold Project and for general corporate purposes.

Key Details

• Units Issued: 16,666,750 units for total gross proceeds of $4,000,020.32.
• Pricing: $0.24 per unit.
• Unit Composition: 1 common share + ½ transferable common share purchase warrant (full warrant allows purchase of one additional share at $0.36).
• Warrant Exercise Window: Up to March 5 2028 at an exercise price of $0.36 per share.
• Insider Participation: Three insiders purchased a total of 721,666 units; these transactions qualify as related‑party but are exempt from MI 61‑101 valuation and minority approval requirements (≤25% of market cap).
• Statutory Hold Period: Unit shares and warrants subject to a four‑month hold period expiring July 6 2026.
• Finder’s Compensation: Finder’s fees paid of $155,936.42; issuance of 649,735 finder’s warrants with the same terms as the primary warrants.
• Use of Proceeds: Advance exploration programs on the Kraaipan Gold Project and for general corporate purposes.

Notable Quotes

“The successful closing of this financing provides us with the capital needed to accelerate our exploration program at Kraaipan and positions North Arrow for continued growth.” – Eira Thomas, President and CEO

Materiality: Material – Positive (significant financing that directly supports operational expansion).