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Northern Shield Resources ( (TSE:NRN) ) has issued an announcement.
Northern Shield Resources has completed a non-brokered private placement financing, raising $100,000 through the sale of 2,500,000 units, each comprising one common share and one warrant. The funds, along with previous flow-through offerings, will be used for working capital and exploration at the Root & Cellar Property. A director of the company, Russell M. Richards, acquired all units, marking the transaction as a related party transaction under TSX Venture Exchange policies. The securities are subject to resale restrictions and are not registered in the United States.
More about Northern Shield Resources
Northern Shield Resources Inc. is a Canadian-based company specializing in high-quality exploration targets. It focuses on greenfield exploration to discover Tier 1 assets at low cost, utilizing a model-driven exploration approach to minimize risks associated with early-stage projects. The company has advanced exploration on the Root & Cellar Property, known for its gold-silver-tellurium and copper porphyry system.
YTD Price Performance: 0.0%
Average Trading Volume: 37,711
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$3.65M
See more data about NRN stock on TipRanks’ Stock Analysis page.
