Northstar Gold Corp. (CSE:NSG) told investors it has closed the second tranche of its previously announced non-brokered private placement of units.
The company said it raised $215,225 through the issuing of 3,913,181 units at $0.055 each, with each unit comprising one common share and one share purchase warrant. Each warrant is exercisable into an additional share for $0.075 for 24 months.
Including proceeds of $219,450 raised in the first tranche, the company said it has now raised $434,576 and has since received additional orders to close a third tranche in the near term.