55 North Mining Inc. Announces Non-Brokered Private Placement Financing
55 North Mining Inc. Announces Non-Brokered Private Placement Financing
Toronto, Ontario – October 10, 2025 – 55 North Mining Inc. (CSE:FFF) (FSE:6YF) (“55 North”
or the “Company”) is pleased to announce that it intends to complete a non-brokered private
placement financing (the “Offering”) of up to 12,000,000 common shares of the Company at a
price of $0.50 per share, for gross proceeds of up to $6,000,000.
The Offering will not include any warrant component. The Company has obtained price protection
from the Canadian Securities Exchange (“CSE”) for the Offering at $0.50 per share. 55 North
Mining intends to close the Offering on or about October 15, 2025, subject to customary closing
conditions and receipt of all required approvals, including from the CSE.
Use of Proceeds
Proceeds from the Offering will be used to fund the commencement of a drilling program, and for
general working capital and corporate overhead.
The Company currently has approximately 24.5 million common shares issued and outstanding.
Upon completion of the Offering, and assuming the maximum 12,000,000 shares are issued, the
Company would have approximately 36.5 million common shares outstanding.
About 55 North Mining Inc.
55 North Mining Inc. is a Canadian exploration and development company advancing 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.
Phone: 647-500-4495
Mr. Vance Loeber
Corporate Development
Phone: 778-999-3530
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 ach ievements, or
developments in the industry to differ materially from the anticipated results, performance or
achievements expressed or implied by such forward-looking statements.