Northern Lion Announces Closing of Private Placement Financing
P.O. BOX 11604, SUITE 620, 650 WEST GEORGIA STREET, VANCOUVER, BRITISH COLUMBIA, CANADA V6B 4N9
TELEPHONE: (604) 669-2701 FAX: (604) 687-4670 Email: [email protected]
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSMINATION IN
THE UNITED STATES
NEWS RELEASE
Northern Lion Announces Closing of Private Placement Financing
December 30, 2016 TSX-V Symbol: NL
Frankfurt Symbol: N3E
Vancouver, British Columbia: Northern Lion Gold Corp. (the “ Company”) is pleased to
announce the closing today of its non-brokered private placement of 5,000,000 units (the
"Units") of the Company at a price of $0.10 per Unit for aggregate proceeds of $500,000 (the
"Offering"). Each Unit is comprised of one common share of the Company (a " Share") and one
common share purchase warrant (a " Warrant") entitling the holder to subscribe for one
additional Share at a price of $0.20 per Share until the date that is five years from the date of
issuance.
The proceeds of the Offering are expected to be used for corporate overhead purposes and to
establish a reserve for potential acquisition opportunities.
All securities issued in connection with the Offering are subject to a statutory four-month hold
period expiring May 1, 2017.
Pursuant to the Offering, each of the following persons (each an “Acquiror”) has acquired direct
ownership of 625,000 Units at a price of $0.10 per Unit for an aggregate purchase price of
$62,500, each Unit consisting of one Share and one Warrant:
Name, Address, Jurisdiction of
Organization and Principal Business
of Acquiror, as applicable
Number of
Shares
Acquired
Number of
Warrants
Acquired
Number and
Percentage of
Shares and
Warrants Held
Immediately
Before Offering
Number and
Percentage of
Shares Held
Immediately After
Offering
Number and
Percentage of Shares
Held Assuming
Exercise of Warrants
(on a partially diluted
basis) 1
Luke Norman Consulting Ltd.
2000 – 1177 W. Hastings St.
Vancouver, B.C. V6E 2K3
Jurisdiction – British Columbia
Business - consulting
625,000 625,000 Nil or 0% 625,000 or 9.64% 1,250,000 or 17.59%
Daryl Koehn
#3 – 50072 Patterson Rd
Chilliwack, B.C. V4Z 1J6
625,000 625,000 Nil or 0% 625,000 or 9.64% 1,250,000 or 17.59%
R. Justin Fraser
433 East Queens Road
North Vancouver, B.C.
V7N 4G7
625,000 625,000 Nil or 0% 625,000 or 9.64% 1,250,000 or 17.59%
Stetson Capital Management LLC
68 Fiesta Way
Fort Lauderdale, FL 33301 USA
Jurisdiction – Florida
Business - Investments
625,000 625,000 Nil or 0% 625,000 or 9.64% 1,250,000 or 17.59%
Titan Multi-Strategy Fund I, Ltd.
5825 Windsor Court
Boca Raton, FL 33496 USA
Jurisdiction - Florida
Business - Investments
625,000 625,000 Nil or 0% 625,000 or 9.64% 1,250,000 or 17.59%
ATG Capital LLC
808 Solar Isle Dr.
Fort Lauderdale, FL 33301 USA
Jurisdiction - Florida
Business - Investments
625,000 625,000 Nil or 0% 625,000 or 9.64% 1,250,000 or 17.59%
GRQ Consultants Inc.
555 S. Federal Hwy #450
Boca Raton, FL 33432 USA
Jurisdiction - Florida
Business - Investments
625,000 625,000 Nil or 0% 625,000 or 9.64% 1,250,000 or 17.59%
1. This figure assumes that no other Warrants are exercised.
Each of the Acquirors has acquired its respective Shares and Warrants for investment
purposes, and depending on market and other conditions, it may from time to time in the future
increase or decrease its ownership, control or direction over securities of the Company through
market transactions, private agreements or otherwise.
Early warning reports for each of the Acquirors (collectively the “ Early Warning Reports ”)
containing additional information with respect to the foregoing matters will be filed under the
Company’s SEDAR profile at www.sedar.com.
Further information or copies of the Early Warning Reports may be obtained by contacting John
Lando, President of Northern Lion Gold Corp., at (604) 669 – 2701.
NORTHERN LION GOLD CORP.
John Lando, President
For information with respect to Northern Lion or the contents of this news release, please
contact the Company at (604) 669-2701 or toll free at 1 800 663 0510.
This news release includes "forward-looking information", as such term is defined in applicable securities laws. The
forward-looking information in cludes statements about t he Offering and the anticipated use of proceeds therefrom.
These statements reflect management's current estimate s, beliefs, intentions and expectations; they are not
guarantees of future performance. The Com pany cautions that all forward-looking information is inherently uncertain
and that actual performance may be affe cted by a number of material fact ors, many of which are beyond the
Company's control. Such factors include, among othe rs, risks and uncertainties relating to exploration and
development; the ability of the Company to obtain additional financing; the Co mpany's limited operating history; the
need to comply with environmental and governmental regu lations; potential defects in title to the Company's
properties; fluctuations in currency exchange rates; fluc tuating prices of commodities; operating hazards and risks;
competition; and other risks and uncertainti es. Accordingly, actual future event s, conditions and results may differ
materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking
information. All statements are made as of the date of this news release a nd, except as required by law, the
Company is under no obligation to update or alter any forward-looking information.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF
THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE
THIS NEWS RELEASE, REQUIRED BY APPLICABLE CANADI AN LAWS, IS NOT FOR DISTRIBUTION TO U.S.
NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN
OFFER TO SELL SECURITIES AND THE COMPANY IS NO T SOLICITING AN OFFER TO BUY THE SECURITIES
DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED, OR ANY ST ATE SECURITIES LAWS, AND MAY NOT BE OFFERED
OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.