This Restriction May Constitute a Violation of United States Securities Laws
NOT FOR DISTRIBUTION OR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH
THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAWS
www.northpeakresources.com
TSX Venture: NPR
NORTH PEAK ANNOUNCES NON-BROKERED
PRIVATE PLACEMENT
Calgary, Canada September 30, 2024
North Peak Resources Ltd. (TSX Venture: NPR) (the “Company”) announces that it intends to
complete a non-brokered private placement of up to 2,222,222 common shares of the Company
(“Common Shares”) at a price of CAD$0.90 per share for gross proceeds of up to CAD$2,000,000
(the “Private Placement”). The Company has the option to increase the size of the Private Placement
by up to an additional 333,333 Common Shares, for total gross proceeds of up to CAD$2,300,000.
The Company intends to use the proceeds from the Private Placement to continue to explore and
develop its mining assets, the continued development of its business and for general and
administrative expenses.
The Private Placement is subject to the approval of the TSX Venture Exchange (the “Exchange”). The
securities issued in connection with the Private Placement will be subject to a four-month hold period,
in accordance with applicable securities laws.
The Company may pay a commission or finder's fee to eligible parties in connection with the Private
Placement, subject to the approval of the Exchange and compliance with applicable securities laws.
About North Peak Resources
The Company is a Canadian based gold exploration and development company that is listed on the
TSX Venture Exchange under the symbol “NPR”. The Company is focused on acquiring historic sites,
with low cost producing gold and other metals properties, with near term production potential and 8+
year mine life in the northern hemisphere.
The Company has acquired an initial 80% interest in the Prospect Mountain Mine complex in Eureka,
Nevada (see the Company’s May 4 and 23, 2023 and August 25, 2023 press releases).
The Company can give no assurances at this time that its properties and interests will fulfil the
Company’s business development goals described herein. Trading in the securities of the
Company should be considered highly speculative.
For further information, please contact:
Brian Hinchcliffe, CEO
Phone: +1-647-424-2305
Email: [email protected]
Website: www.northpeakresources.com
Chelsea Hayes, Director
Phone: +1-647-424-2305
Email: [email protected]
This press release is not an offer of the Company’s securities for sale in the United States. The
Company’s securities may not be offered or sold in the United States absent registration or an
available exemption from the registration requirements of the U.S. Securities Act of 1933, as
amended (the “U.S. Securities Act”) and applicable U.S. state securities laws. The Company
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will not make any public offering of its securities in the United States. The Company’s
securities have not been and will not be registered under the U.S. Securities Act.
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 these securities, in any jurisdiction in which such offer, solicitation
or sale would be unlawful.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS : This news
release includes certain "forward-looking statements" under applicable Canadian securities legislation.
Forward-looking statements include, but are not limited to, statements with respect to completion of
the proposed Private Placement, the anticipated use of proceeds of the Private Placement, timing and
completion of any exploration on the Company’s properties, estimates of mineralization from drilling,
sampling and geophysical surveys, geological information projected from drilling and sampling results
and the potential quantities and grades of the target zones, the potential for minerals and/or mineral
resources and reserves, intentions, beliefs, and current expectations of the Prospect Mountain Mine
complex and the Company, including with respect to the future business activities and operating
performance of the Company that may be described herein. Forward-looking statements consist of
statements that are not purely historical, including any statements regarding beliefs, plans,
expectations or intentions regarding the future. Such information can generally be identified by the use
of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and
“continue” or the negative thereof or similar variations. Readers are cautioned not to place undue
reliance on forward-looking statements, as there can be no assurance that the plans, intentions or
expectations upon which they are based will occur.
By their nature, forward-looking statements involve numerous assumptions, known and unknown risks
and uncertainties, both general and specific, that contribute to the possibility that the predictions,
estimates, forecasts, projections and other forward-looking statements will not occur. These
assumptions, risks and uncertainties include, among other things, the state of the economy in general
and capital markets in particular, accuracy of assay results, geological interpretations from drilling
results, timing and amount of capital expenditures; performance of available laboratory and other
related services, future operating costs, and the historical basis for current estimates of potential
quantities and grades of target zones, as well as those risk factors discussed or referred to in the
Company's Management's Discussion and Analysis for the year ended December 31, 2023, and the
period ended June 30, 2024 available at www.sedarplus.ca, many of which are beyond the control of
the Company. Forward-looking statements contained in this press release are expressly qualified by
this cautionary statement.
The forward-looking statements contained in this press release are made as of the date of this press
release. Except as required by law, the Company disclaims any intention and assumes no obligation
to update or revise any forward-looking statements, whether as a result of new information, future
events or otherwise. Additionally, the Company undertakes no obligation to comment on the
expectations of, or statements made by, third parties in respect of the matters discussed above.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.