Northstar Gold Corp. (CSE:NSG) said it is planning a non-brokered private placement to raise at least $500,000, mainly to fund exploration at the Cam Copper Mine on the 100%-owned Miller Gold Property.
The offering will consist of units at a price of C$0.055 each with each unit consisting of one common share and one share purchase warrant, entitling holders to buy one additional share at an exercise price of C$0.075 for 24 months.
The offering will take place in tranches, with the first tranche of approximately $200,000 expected to close between August 15 and 25, this year.