NorthIsle Announces C$9 Million Private Placement Financing

VANCOUVER, British Columbia -- NorthIsle Copper and Gold Inc. (TSXV: NCX) (“NorthIsle” or the “Company”) is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. (“Paradigm”) as lead agent and sole bookrunner on behalf of a syndicate of agents (collectively, the “Agents”), including Agentis Capital Markets Limited Partnership as co-lead agent, in connection with a ”best efforts” private placement financing (the “Offering”) for total proceeds of approximately $9,000,376, consisting of up to 10,836,000 common shares of the Company that qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) (the “CFT Shares”) to be issued to subscribers at a price of $0.646 per CFT Share, and up to 5,264,000 common shares of the Company (the “Non-FT Shares”) at a price of $0.38 per Common Share (the “Non-FT Issue Price”). Read More