Northern Gold Mining raises $10 million in private placement, Sprott among investors
Northern Gold Mining ("Northern Gold" or the "Company") (TSX VENTURE:NGM) is pleased to announced that it has completed a non-brokered private placement for aggregate gross proceeds of $10,870,471 subject to regulatory approval (the "Offering"). The Offering consists of the sale of 25,724,260 common shares comprised of 11,205,078 shares issued on a hard dollar basis at $0.40 per share for aggregate gross proceeds of $4,482,031, and 14,519,182 shares issued on a flow-through basis at $0.44 per share for aggregate gross proceeds of $6,388,440. Lead Investors include funds managed by Sprott Asset Management L.P.