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55 North Mining Inc. Announces Closing Of The Third Tranche Of The Previously Announced Non-Brokered Private Placement Unit Financing

PRIVATENov 03, 2022

Round Type

Post-IPO Equity

TorontoMiningMineral

Description

TORONTO, ON / November 3, 2022 / 55 North Mining Inc. ("55 North" or the "Company") announces closing of the third tranche of the non-brokered private placement unit financing announced on August 29, 2022 in the sum of $42,174.68. The Company issued 2,108,734 Units at a price of $0.02 per Unit. All Units consist of one common share (a "Share") and one common share purchase warrant (a "Warrant"), exercisable at $0.05 for a period of forty-eight (48) months.

Quick answer

55 North Mining raised an undisclosed amount in a Post-IPO Equity round, dated November 3, 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 November 3, 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.

  • Chibougamau Independent Mines raised an undisclosed amount (Funding Round) on December 13, 2022.
  • Ascot Resources Ltd raised an undisclosed amount (Funding Round) on December 12, 2022.
  • NevGold raised $165K (Seed) on December 5, 2022.
  • Black Tusk Resources raised an undisclosed amount (Funding Round) on December 5, 2022.
  • Mirasol Resources raised an undisclosed amount (Post-IPO Equity) on December 5, 2022.
  • Wolfden raised $2.7M (Seed) on November 28, 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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