55 North Mining Inc. Announces Closing of the Third Tranche of the Previously Announced Non-Brokered Private Placement Unit Financing
55 North Mining Inc. Announces Closing of the Third Tranche of the Previously
Announced Non-Brokered Private Placement Unit Financing
Toronto, Ontario - November 3, 2022 - 55 North Mining Inc. (“55 North” or the “Company”)
announces closing of the third tranche of the non-brokered private placement unit financing
announced on August 29, 2022 in the sum of $42,174.68. The Company issued 2,108,734 Units
at a price of $0.02 per Unit. All Units consist of one common share (a “Share”) and one common
share purchase warrant (a “Warrant”), exercisable at $0.05 for a period of forty-eight (48) months.
All securities issued will be subject to a four month hold period which will expire on the date that
is four months and one day from the date of issue. The gross proceeds from the sale of the Units
will be used for general corporate purposes.
The Company has now closed the third and final tranche of the non-brokered private placement.
About 55 North Mining Inc.
55 North Mining Inc. was incorporated under the Canada Business Corporations Act on
December 5, 2008. The current business of the Company is the exploration and development
of its high-grade Last Hope Gold Project located in Manitoba, Canada.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Mr. Bruce Reid
Chief Executive Officer, Director
55 North Mining Inc.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This news release of 55 North contains statements that constitute “forward-looking statements.”
Such forward-looking statements involve known and unknown risks, uncertainties and other
factors that may cause the Company’s actual results, performance or achievements, or
developments in the industry to differ materially from the anticipated results, performance or
achievements expressed or implied by such forward-looking statements.