Canadian North Resources Inc. (TSX-V: CNRI) (FSE: EO0) announces the closings of the following non-brokered private placements:
The gross proceeds of the Flow-Through Offering and the Charity Flow-Through Offering will be used to fund the Corporation’s exploration activities targeting critical minerals on the Corporation’s Ferguson Lake project located in Nunavut, and will also be eligible for the recently announced federal 30% Critical Metals Exploration Tax Credit.
Finder’s fees will be paid in cash in an amount equal to 6% of the gross proceeds of the Flow-Through Offering and the Charity Flow-Through Offering.
The Flow-Through Shares and the Charity Flow-Through Shares are subject to a statutory four month hold period, which expires April 16, 2023.
About Canadian North Resources Inc.
Canadian North Resources Inc. is an exploration and development company focusing on the metals for clean-energy, electric vehicles, battery and high-tech industries. The Corporation is advancing its 100% owned Ferguson Lake nickel, copper, cobalt, palladium, and platinum project in Nunavut, Canada.
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