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NCX NorthIsle Copper and Gold Inc

0.35
0.00 (0.00%)
27 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
NorthIsle Copper and Gold Inc TSXV:NCX TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.35 0.34 0.35 0.36 0.345 0.345 93,132 19:44:58

Northisle Closes Private Placement

07/07/2014 1:30pm

Marketwired Canada


(NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR
DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES)


Northisle Copper and Gold Inc. (TSX VENTURE:NCX) ("Northisle" or the "Company")
announces that it has closed the non-brokered private placement originally
announced on May 21, 2014 for total proceeds of $786,000.


The private placement consisted of the sale by Northisle of the following
securities:




(a) 4,860,000 flow-through shares at a price of $0.05 per share, for        
    aggregate subscription proceeds of $243,000; and                        
                                                                            
(b) 10,860,000 units at a price of $0.05 each, for aggregate subscription   
    proceeds of $543,000, with each unit consisting of one common share and 
    one share purchase warrant, with each warrant entitling the holder to   
    purchase one additional common share at a price of $0.07 until June 27, 
    2016.                                                                   



All of the securities issued pursuant to this private placement are subject to a
hold period in Canada which will expire on October 28, 2014.


The proceeds from this private placement will be used for continued exploration
of Northisle's North Island Project on Vancouver Island and for general
corporate purposes.


For more information on Northisle and the Hushamu Deposit please visit the
Company's website at www.Northisle.ca. 


On behalf of Northisle Copper and Gold Inc.

John McClintock, President, CEO and Director 

The securities referred to in this news release have not been, nor will they be,
registered under the United States Securities Act of 1933, as amended, and may
not be offered or sold within the United States or to, or for the account or
benefit of, U.S. persons absent U.S. registration or an applicable exemption
from the U.S. registration requirements. This news release does not constitute
an offer for the sale of securities, nor a solicitation for offers to buy any
securities. Any public offering of securities in the United States must be made
by means of a prospectus containing detailed information about the company and
management, as well as financial statements.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.


This news release contains forward-looking statements. These forward-looking
statements are based upon the reasonable beliefs of Northisle and its management
as of the date of this news release; however, forward-looking statements involve
risks and uncertainties and are based upon factors that may change and
assumptions that may prove, with the passage of time, to be incorrect as a
result of exploration and other risk factors associated with mineral exploration
and development that are beyond the control of Northisle. Accordingly, undue
reliance should not be placed upon such statements. If factors materially change
or assumptions are materially incorrect, the actual results, performance or
achievements of Northisle may be materially different from any future results,
performances or achievements expressed or implied by such forward-looking
statements. Northisle does not undertake any obligation to update or revise any
forward-looking statements to reflect new information, future events or
otherwise, except as required by applicable law. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Northisle Copper and Gold Inc.
John McClintock
President, CEO and Director
info@northisle.ca
www.northisle.ca

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