Sixty North Gold Announces Second Closing of Non-Brokered Unit Offering
SIXTY NORTH GOLD ANNOUNCES SECOND CLOSING OF
NON-BROKERED UNIT OFFERING
Vancouver, British Columbia – November 24, 2020 – Sixty North Gold Mining Ltd. (the “Company” or
“Sixty North Gold”) (CSE: SXTY; FKT: 2F4; OTC-Pink: SXNTF) Further to the Company’s pr ess releases on
October 20, 2020 and October 29, 2020, Sixty North Gold is pleased to announce that it has completed a
second closing of its non-brokered private placement by the issuance of 3,410,546 units (the “Units”) at
$0.065 per Unit to raise gross proceeds of $221,685 (the “Second Closing”). The subscription proceeds of
the Second Closing, when added to the proceeds from the First Closing, now total $377,509 in gross
proceeds raised under this offering. Each Unit consisted of one (1) common share (a “Share”), and one (1)
non-transferable share purchase warrant exercisable to purchase one (1) additional Share at an exercise
price of $0.10 per Share until November 23, 2022. The securities issued under the Second Closing will bear
legends restricting resale until March 24, 2021.
The net proceeds of the Second Closing will be used for further exploration and development of the Mon
Gold Property, NWT, and the Company’s general working capital requirements, as previously disclosed.
About the Company
Sixty North Gold Mining Ltd. is focused on restarting the high -grade past producing Mon Mine, 40 km
north of Yellowknife, NWT, within the prolific Yellowknife Gold Camp. The Mon Mine produced 15,000
ounces of gold from 15,000 tonnes of ore between 1989-1997. Permits to explore, mine and mill at 100
tpd are in place, and the Mon is the only gold project permitted for production in the NWT. Other
targets on the property include recently discovered silver- and gold-rich VMS targets as well as the giant
shear zone-hosted gold mineralization. The shear zone is similar in nature to, and hosted in the same
rocks as, the world -class deposits at the Con and Giant Mines in Yellowknife which produced 14 million
oz. gold. The Mon Gold Property consists of 11 contiguous mi ning leases and 3 mineral claims,
comprising an aggregate 622 hectares, located in the South MacKenzie Mining District, NWT.
The company also has an option agreement to acquire a 100% interest in the highly prospective
contiguous 2,394 hectare Hangstone Property adjoining the Mon Property to the East and South. The
Mon Property shear zone and VMS targets can be projected onto the Hangstone Property.
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/ “David Webb”
David Webb,
President & Chief Executive Officer
For further information, please contact David Webb 604-818-1400
Statements about the Company's future expectatio ns and all other statements in this press release other than
historical facts are "forward looking statements". Such forward -looking statements are based on numerous
assumptions, and involve known and unknown risks, uncertainties and other factors, includ ing risks inherent in
mineral exploration and development, which may cause the actual results, performance, or achievements of the
Company to be materially different from any projected future results, performance, or achievements expressed or
implied by su ch forward -looking statements. Further details about the risks applicable to the Company are
contained in the Company’s Prospectus dated January 19, 2018 available 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.
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. Securities
Act and any applicable securities laws of any state of the United States or an exemption from such registration requirements is
available.
Not for distribution to United States newswire services or for
dissemination in the United States.