North Arrow Closes Non-Brokered $3.12 Million Private Placement Financings
Suite 960 – 789 West Pender Street, Vancouver, BC, Canada V6C 1H2
Tel: 604 668 8355 / Fax: 604 336 4813
News Release
NORTH ARROW CLOSES NON-BROKERED $3.12 MILLION PRIVATE PLACEMENT
FINANCINGS
June 19, 2018 Trading Symbol: TSXV: NAR #18-08
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
North Arrow Minerals Inc. (TSXV-NAR) (“North Arrow” or “the Company”) announces that it has closed the concurrent
non-brokered private placements of flow-through common shares (the " Flow-Through Shares ") and non-flow-through
units (the " Non-Flow-Through Units") announced on May 28, 2018.
The Company has issued 10,135,000 Flow-Through Shares at a price of $0.20 per share and 6,481,717 Non-Flow-Through
Units at a price of $0.17 per Non-Flow-Through Unit for co mbined total gross proceeds of $3,128,892. Each Non-Flow-
Through Unit issued under the private placement consisted of a single non-flow-through common share of the Company (a
"Non-Flow-Through Share ") and one transferable non-flow-through common share purchase warrant (each a “ Warrant ”).
Each Warrant entitles the holder to purchase one additional Non-Flow-Through Share at a price of $0.30 for a period of 24
months up to June 19, 2020. If, commencing on October 20, 2018, the closing price of North Arrow's shares is at or a bove
$0.40 for 10 or more consecutive trading days, the expiry date of the Warrants may be accelerated to the date that i s 30
trading days after the acceleration trigger date.
Insiders and advisors of the Company participated in the private placements on the same terms and conditions as non-arm’s
length subscribers, subscribing for a total 7,650,000 Flow-T hrough Shares and 2,058,823 Non-Flow-Through Units for
aggregate proceeds of $1,880,000.
Proceeds from the private placement will be used to advanc e North Arrow’s Canadian diamond projects including: i) the
first ever drilling program in July 2018 at the Mel Project, Nunavut, testing diamondiferous kimberlite discovered last year;
ii) the Loki Project, Northwest Territories where No rth Arrow recently discovered the first new kimberlite i n the Lac de
Gras region in over five years; and iii) continuing evalu ation of the Q1-4 diamondiferous kimberlite at the Naujaat Project,
Nunavut.
The Company intends to use the gross proceeds from the Fl ow-Through Shares for “Canadian exploration expenses”
(within the meaning of the Income Tax Act (Canada)), w ith the Company using its best efforts to ensure that an amount
equal to such proceeds will be used to incur Canadian explorat ion expenses related to the Company’s exploration proje cts.
The Company will renounce such Canadian exploration expenses with an effective date of no later than December 31, 2018.
In connection with the placements, the Company paid finders ’ fees of $67,841.52. All securities issued in the private
placement are subject to a hold period expiring on October 20, 2018.
About North Arrow Minerals
North Arrow is a Canadian based exploration company focused on the identification and evaluation of diamond exploration
opportunities in Canada. North Arrow’s management, board of directors and advisors have significant successful experience
in the global diamond industry. North Arrow has discovered and is evaluating kimberlite fields at the Mel (NU) and P ikoo
(SK) Projects, is evaluating a newly discovered kimberlite at the Loki Project (NWT) and has exposure to discovery drilling
at the LDG JV Project (NWT) with partner Dominion Dia monds. The Company’s most advanced diamond project is the
large, well located Q1-4 diamond deposit at the Naujaat Proj ect (NU). The Company also maintains a 100% interest in t he
Hope Bay Oro Gold Project (NU), located approximately 3 km north of TMAC Resources’ Doris Gold Mine. North
Arrow’s diamond exploration programs are conducted under th e direction of Kenneth Armstrong, P.Geo. (ON), Preside nt
and CEO of North Arrow and a Qualified Person under NI 43- 101. Mr. Armstrong has reviewed the contents of this pr ess
release.
North Arrow Minerals Inc.
/s/ “Kenneth A. Armstrong”
Kenneth Armstrong
President and CEO
For further information, please contact:
Ken Armstrong
Tel: 604-668-8355 or 604-668-8354
Website: www.northarrowminerals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility
for the adequacy or accuracy of this release.
This news release contains "forward-looking stateme nts" including but not limited to statements with r espect to North Arrow’s plans, the estimation of a
mineral resource and the success of exploration act ivities. Forward-looking statements, while based on management's best estimates and assumptions, are
subject to risks and uncertainties that may cause a ctual results to be materially different from those expressed or implied by such forward-looking
statements, including but not limited to: risks rel ated to the successful integration of acquisitions; risks related to general economic and market condi tions;
closing of financing; the timing and content of upc oming work programs; actual results of proposed exp loration activities; possible variations in mineral
resources or grade; failure of plant, equipment or processes to operate as anticipated; accidents, lab our disputes, title disputes, claims and limitation s on
insurance coverage and other risks of the mining in dustry; changes in national and local government re gulation of mining operations, tax rules and
regulations. Although North Arrow has attempted to identify important factors that could cause actual results to differ materially from those contained i n
forward-looking statements, there may be other fact ors that cause results not to be as anticipated, es timated or intended. There can be no assurance that
such statements will prove to be accurate, as actua l results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue relianc e on forward-looking statements. North Arrow undert akes no obligation or responsibility to update
forward-looking statements, except as required by l aw.