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Northern Superior Announces Fully Subscribed C$5 Million Non-Brokered Private Placement Financing With Participation Of Strategic Investors And Insiders

PRIVATEJan 24, 2023

Amount Raised

C$5 Million

Round Type

Seed

SudburyMining

Investors

Northern Superior Resources Inc.

Description

TORONTO, ON / January 24, 2023 / Northern Superior Resources Inc. ("Northern Superior" or the "Company") (TSXV:SUP)(OTCQX:NSUPF) is pleased to announce a fully subscribed, non-brokered C$5 million equity private placement financing (the "Offering"). In connection with the Offering, the Company will issue 10,000,000 common shares to investors, at a price of C$0.50 per share.

Who else raised in Mining around the same time

Companies in the same sectors as Northern Superior Resources that raised within 45 days of this round, from Fundz verified event records.

  • Kingsmen Resources raised $318K (Seed) on March 9, 2023.
  • Omineca Mining & Metals Ltd raised $2M (Seed) on March 8, 2023.
  • Geomega raised $3M (Seed) on March 7, 2023.
  • United Lithium raised $103K (Pre-Seed) on March 6, 2023.
  • Trailbreaker Resources raised an undisclosed amount (Funding Round) on March 2, 2023.
  • Platinex raised $100K (Pre-Seed) on March 2, 2023.

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Company Information

Company

Northern Superior Resources

Location

Sudbury, Ontario, Canada

About

Northern Superior is a gold exploration company focused on the Chapais-Chibougamau Camp in Québec. The Company has consolidated the largest land package in the region, with total land holdings currently exceeding 62,000 hectares. The main properties include Philibert, Lac Surprise, Chevrier and Croteau Est. Northern Superior also owns significant exploration assets in Northern Ontario highlighted by the district scale TPK Project. The Philibert Project is located 9km from IAMGOLD Corporation's Nelligan Gold project which was awarded the "Discovery of the Year" by the Québec Mineral Exploration Association (AEMQ) in 2019. To date, more than C$13 million (historical value) have been spent on the Philibert Project, with more than 75,000 metres of drilling completed. The Philibert Project is owned by SOQUEM; the Company is currently undergoing an ownership option process, details of which can be found in the corporate presentation. Chevrier hosts an indicated resource of 260,000 ounces Au and an inferred resource of 420,000 ounces Au in the pit-constrained resource, as well as an underground inferred resources of 232,000 ounces Au. Croteau Est hosts an inferred mineral resource of 640,000 ounces Au. Lac Surprise hosts the Falcon Zone Discovery, interpreted to be the western strike extension of IAMGOLD Corporation's Nelligan Deposit. Northern Superior is a reporting issuer in British Columbia, Alberta, Ontario and Québec, and trades on the TSX Venture Exchange under the symbol SUP, and the OTCQB Venture Market under the symbol NSUPF. For further information, please refer to the Company's website at www.nsuperior.com or on SEDAR (www.sedar.com).

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