Northisle Copper and Gold Inc. (TSX-V: NCX) announced the closing of its non-brokered private placement with the offering valued at C$7,000,450 for gross proceeds to the company.
The gross proceeds will be used to incur expenses that are eligible “Canadian exploration expenses” within the meaning of subsection 66.1(6) of the Tax Act, the recently announced federal 30% Critical Metals Exploration Tax Credit and British Columbia’s 20% flow-through share tax credit.
The common shares issued pursuant to the offering will be subject to a holding period expiring four months and one day from the date of issuance in accordance with applicable Canadian securities laws. The offering is subject to final approval of the TSX Venture Exchange.
Northisle Copper and Gold Inc. is a Vancouver-based company whose mission is to become Canada’s leading sustainable mineral resource company for the future. Northisle owns the North Island Project, which is one of the most promising copper and gold porphyry deposits in Canada.
For further information please visit: https://www.northisle.ca/