Northern Vertex Mining Corp (TSXV:NEE) announced a Non-Brokered Private Placement of up to approximately 7.81 million units at a purchase price of $0.32 per Unit, for aggregate gross proceeds to the Company of up to $2,500,000.
Each Unit consists of one common share (“Common Share”) of the Company and one transferable share purchase warrant (“Warrant”). Each Warrant will entitle the holder to acquire one Common Share at an exercise price of $0.50 for a period of 36 months from the closing date of the Private Placement. A cash finders’ fees within TSX Venture Exchange policy guidelines may be paid in connection with the Private Placement.
The Company intends to use the net proceeds of the Private Placement for the advancement of the Company’s Moss Mine Gold-Silver earn-in property located in Mohave County, NW Arizona, USA and general corporate purposes. All securities issued will be subject to a four month hold period. The Private Placement and payment of any finder’s fee are subject to acceptance by the TSX Venture Exchange.
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