Northern Lights Resources Announces Non-Brokered Private Placement Up to $1 Million
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Northern Lights Announces Non-Brokered
Private Placement of Up to $1 Million
NOT FOR DISTRIBUTION TO OR FOR DISSEMINATION IN THE UNITED STATES
June 1, 2022 CSE Symbol: NLR
OTCQB: NLRCF
Vancouver, British Columbia. June 1, 2022, Northern Lights Resources Corp. (“Northern
Lights”, “NLR” or the “Company” )(CSE:NLR, OTCQB: NLRCF) announces that it intends to
complete a non -brokered private placement (the “ Placement”) for gross proceeds of up to
C$1,000,000 from the sale of common shares of the Company ( the “Shares”) at a price of
C$0.075 per Share.
The Company intends to use the net proceeds raised from the Placement for the exploration of
the Company’s Secret Pass Gold Project located in Northwestern Arizona, USA and for general
working capital purposes.
The Placement may be completed in multiple tranches and is subject to receipt of executed
subscription agreements and funds as well as customary closing conditions, including
regulatory approvals as required.
In accordance with applicable securities laws, the Shares issued under the Placement will be
sold to accredited investors or other investors who are exempt from prospectus requirements
and will be subject to a four-month hold period in Canada. While the Placement is non-brokered,
referral fees may be paid on a portion of the proceeds to eligible persons, where permitted by
applicable law.
The securi ties offered have not been registered under the U.S. Securities Act of 1933, as
amended (the “U.S. Securities Act”), or any applicable state securities laws, and may not be
offered or sold to, or for the account or benefit of, persons in the United States or “U.S. persons,”
as such term is defined in Regulation S promulgated under the U.S. Securities Act, absent
registration or an exemption from such registration requirements. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the
securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
No securities regulatory authority has either approved or disapproved of the contents of this
news release.
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For further information on Northern Lights Resources please contact:
Albert Timcke, Executive Chairman and President
Email: [email protected]
Tel: +1 604 608 6163
Jason Bahnsen, Chief Executive Officer
Email: [email protected]
Tel: +1 604 608 6163
Shawn Balaghi, Investor Relations
Email: [email protected]
Tel: +1 604 773 0242
About Northern Lights Resources Corp.
Northern Lights Resources Corp is a growth -oriented exploration and development company that is
advancing two projects: The 100% controlled, Secret Pass Gold Project located in Mohave County,
Arizona; and the Medicine Springs silver -zinc-lead Project located in Elko County , Nevada where
Northern Lights is earning 100% in joint venture with Reyna Silver Corp.
Northern Lights Resources trades under the ticker of “NLR” on the CSE. This and other Northern Lights
Resources news releases can be viewed at www.sedar.com and www.northernlightsresources.com.