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55 North Mining Inc. Announces Completion Of Option Agreement Amendment For Last Hope Gold Project, Units-For-Debt Settlement And Closing Of The Second Tranche Of The Previously Announced Non-Brokered Private Placement Unit Financing

PRIVATEOct 06, 2022

Round Type

Post-IPO Equity

TorontoMiningMineral

Description

TORONTO, ON / October 6, 2022 / 55 North Mining Inc. ("55 North" or the "Company") is pleased to report that pursuant to the amended option agreement previously announced on September 6, 2022, the Company has made a payment of $200,000 as well issued 5,000,000 common shares of 55 North Mining Inc. to the Optionor.

Quick answer

55 North Mining raised an undisclosed amount in a Post-IPO Equity round, dated October 6, 2022. 55 North Mining is based in Toronto, Ontario, Canada.

How much did 55 North Mining raise?
55 North Mining raised an undisclosed amount in a Post-IPO Equity round on October 6, 2022.
What does 55 North Mining do?
55 North Mining Inc. is a gold exploration and development company advancing its Last Hope Gold Project in Manitoba, Canada. 55 North amalgamated with 2552883 Ontario Inc. to assume the option to acquire 100% of the..
Where is 55 North Mining based and how big is it?
55 North Mining is based in Toronto, Ontario, Canada.

Source: Fundz verified event record.

Who else raised in Mining and Mineral around the same time

Companies in the same sectors as 55 North Mining that raised within 45 days of this round, from Fundz verified event records.

  • Falcon Copper raised $868K on November 18, 2022.
  • Vizsla Silver Corp raised $7.6M on November 15, 2022.
  • Vizsla Silver Corp raised $20M (Funding Round) on November 7, 2022.
  • Carlyle Commodities raised $66K (Pre-Seed) on October 31, 2022.
  • Canada Nickel Company raised $10M (Debt Financing) on October 18, 2022.
  • MacDonald Mines Exploration raised an undisclosed amount (Funding Round) on October 12, 2022.

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Company Information

Company

55 North Mining

Location

Bay Street

Toronto, Ontario, Canada

About

55 North Mining Inc. is a gold exploration and development company advancing its Last Hope Gold Project in Manitoba, Canada. 55 North amalgamated with 2552883 Ontario Inc. to assume the option to acquire 100% of the Last Hope Gold Project, a high grade gold deposit located in the emerging Lynn Lake Gold Camp in northern Manitoba. The Last Hope Gold Project hosts a National Instrument 43-101 compliant Indicated Resource of 154,060 tonnes grading 6.75 g/t Au for 33,458 gold ounces and an Inferred Resource of 872,977 tonnes grading 5.91 g/t Au for 165,812 gold ounces. Exploration potential on the property consists of down plunge extensions on two high grade shoots contained in the resource, along with two potential parallel mineralized structures indicated by coincident geophysical and geochemical anomalies.

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55 North Mining raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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