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| Home : Northern Gold Raises Over $3.8M Through the Exercise of Warrants Issued Pursuant to a $2,500,500 Previous Private Placement |
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Feb 03
2012 |
Northern Gold Raises Over $3.8M Through the Exercise of Warrants Issued Pursuant to a $2,500,500 Previous Private Placement |
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TORONTO, ONTARIO--(Marketwire - Feb. 3, 2012) - Northern Gold Mining Inc. ("Northern Gold" or the "Company") (TSX VENTURE:NGM) announces that since issue 25,074,270 warrants have been exercised for gross proceeds of $3,862,700.
The warrants exercised relate to a private placement financing for aggregate gross proceeds of $2,500,500 which closed on July 5, 2010 pursuant to which Flow-Through Units and Hard Dollar Units were sold. The warrants issued in connection with this private placement expired on January 16, 2012 and January 20, 2012. The funds received have been used to supplement general corporate working capital. The Company now has 155,947,210 shares issued and outstanding. |
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| Source:http://www.marketwire.com/mw/release.do?id=1615019&sourceType=3 |
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