Sixty North Announces Unit Offering
SIXTY NORTH ANNOUNCES UNIT OFFERING
Vancouver – August 14, 2019 – Sixty North Gold Mining Ltd . (the “Company” or “Sixty North”)
(CSE: SXTY) (OTC Pink: SXNTF) (FKT: 2F4 ) – Sixty North proposes to complete a non -brokered
private placement of up to 5,000,000 units (the “ Units”) at an offering price of $0.05 per Unit, to raise
gross proceeds of up to $ 250,000 (the “ Offering”). Each Unit will consist of one (1) common share of
the Company and one (1) share purchase warrant (the “ Warrants”). Each whole Warrant will be
exercisable to acquire one additional common share at an exercise price of $0.10 per share for a period of
two (2) years from the date of closing of the Offering. In the event that the common shares of the
Company trade at a closing price greater than $0.30 per share for a period of 10 consecutive trading days,
then the Company may deliver a notice to the Warrant holders that they must exercise their Warrants
within the next 30 days, or the Warrants will expire. The terms of the Offering are subject to satisfac tory
notice to the Canadian Securities Exchange.
The Company will pay finder’s fees in connection with this placement: (i) a cash fee equal to 8.0% of the
gross proceeds raised, and (ii) Warrants equal to 10% of the number of Units sold, as permitted under the
policies of the Canadian Securities Exchange and applicable securities legislation.
The net proceeds from the Offering will be used to finance further exploration expenditures over the next
12 months on the Mon Gold Property, Northwest Territories, and to provide th e Company with working
capital for general and administrative expenses.
About the Company
The Company is engaged in acquisition, exploration and development of mineral properties. Its principal
exploration target is the exploration for gold on the Mon Gold Property, 40 km north of Yellowknife,
NWT. The Mon Gold Property consists of 11 contiguous mining leases and 3 mineral claims, comprising
an aggregate 1, 536.92 acres, located in the South MacKenzie Mining District, NWT. For more
information, please refer to the Company’s profile on SEDAR (www.sedar.com) or visit the Company’s
website at www.sixtynorthgold.com.
ON BEHALF OF THE BOARD OF DIRECTORS
s/ “Gavin Kirk”
Gavin Kirk,
Chief Executive Officer and Director
Not for distribution to United States newswire services or for dissemination in the United States.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the
United States. The securities have not been and will not be registered under the United States Securities Act of 1933,
as amended (the “U.S. Securities Act”) or any securities laws of any state of the United States and may not be
offered or sold within the United States or to a U.S. person (as defined in Regulation S under the U.S. Securities
Act) unless registered under the U.S. Securiti es Act and any applicable securities laws of any state of the United
States or an exemption from such registration requirements is available.
Statements about the Comp any's future expectations and all other statements in this press release other than
historical facts are "forward looking statement s". Such forward -looking statements are based on num erous
assumptions, and involve known and unknown risks, uncertainties an d other factors, including risks inherent in
mineral exploration and development, which may cause the actual results, performance, or achievements of the
Company to be materially diffe rent from any projected future results, performance, or achievements exp ressed or
implied by such forward -looking statements. Further details about the risks applicable to the Company are
contained in t he Company’s Prospectus dated January 19, 2018 availa ble on SEDAR (www.sedar.com), under the
Company’s profile.
THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT
OF THIS PRESS RELEASE.