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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 6, 2012) - True North Gems Inc. (the "Company") (TSX VENTURE:TGX) announces that it has raised gross proceeds of $368,700 in the final closing of the non-brokered private placement announced on July 31, 2012. The funds were raised through the issuance of 7,374,000 units at a price of $0.05 per unit. Each unit is comprised of one common share and one-half non-transferable common share purchase warrant, each warrant is exercisable for one additional common share for a period of one year at a price of $0.12 per share. |
