NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES VANCOUVER, British Columbia — NorthIsle Copper and Gold Inc. (TS
VANCOUVER, British Columbia -- NorthIsle Copper and Gold Inc. (TSXV: NCX) (“NorthIsle” or the “Company”) is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. (“Paradigm”) as lead agent and sole bookrunner on behalf of a syndicate of agents (collectively, the “Agents”), including Agentis Capital Markets Limited Partnership as co-lead agent, in connection with a ”best efforts” private placement financing (the “Offering”) for total proceeds of approximately $9,000,376, consisting of up to 10,836,000 common shares of the Company that qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) (the “CFT Shares”) to be issued to subscribers at a price of $0.646 per CFT Share, and up to 5,264,000 common shares of the Company (the “Non-FT Shares”) at a price of $0.38 per Common Share (the “Non-FT Issue Price”). Read More
