Northern Lights Resources Announces Non-Intermediary Private Placement – Price Adjustment
Vancouver, British Columbia – TheNewswire – July 5, 2022 – Northern Lights Resources Corp. (“Northern Lights”, “NLR” or the “Company”) (CSE: NLR), (CNSX:NLR.CN), (OTC: NLRCF) announces that due to current market conditions, the Company has changed the price of the private placement announced on June 1st. The modified price of the private placement without a planned intermediary (there “Placement”) for gross proceeds of up to C$1,000,000 from the sale of common shares of the Company (the “Shares”) was adjusted to C$0.05 per share.
The Company intends to use the net proceeds of the Offering for exploration of the Company’s Secret Pass gold project located in northwestern Arizona, United States, and for general fundraising purposes. rolling.
The Offering may be made in multiple tranches and is subject to the receipt of signed subscription agreements and funds as well as customary closing conditions, including required regulatory approvals.
In accordance with applicable securities laws, the Shares issued under the Offering will be sold to accredited investors or other investors who are exempt from prospectus requirements and will be subject to a four month hold period in Canada. While the placement is not traded, a referral fee may be paid on a portion of the proceeds to eligible persons, where permitted by applicable law.
The securities offered have not been registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Law“), or any applicable state securities law, and may not be offered or sold to, or for the account or benefit of, persons in the United States or “US Persons”, as that term is as defined in Regulation S promulgated under U.S. Securities Law, Failure to Register or Exemption from such registration requirements This press release does not constitute an offer to sell or the solicitation of an offer. purchase and there will be no sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
No securities regulatory authority has approved or disapproved of the contents of this press release.
For more information about Northern Lights Resources, please contact:
Albert Timcke, Executive Chairman and President
Jason Bahnsen, General Manager
Shawn Balaghi, Investor Relations
Tel: +1 604 773 0242
About Northern Lights Resources Corp.
Northern Lights Resources Corp is a growth-oriented exploration and development company advancing two projects: the 100% controlled Secret Pass gold project located in Mohave County, Arizona; and the Medicine Springs silver-zinc-lead project in Elko County, Nevada, where Northern Lights is earning a 100% joint venture with Reyna Silver Corp.
Northern Lights Resources trades under the symbol “NLR” on the CSE. This press release and other Northern Lights Resources press releases can be viewed at www.sedar.com and www.northernlightsresources.com.