High North Resources completes financing
On September 10, 2014, High North Resources Ltd. (High North) successfully closed the previously announced private placement of 7,273,000 common shares issued on a "flow-through" basis under the Income Tax Act (Canada) at a price of C$0.55 per flow-through common share, for aggregate gross proceeds of C$4,000,150.
GMP Securities L.P., National Bank Financial Inc., and Integral Wealth Securities Limited, as co-lead agents, and Beacon Securities Limited acted as agents in connection with the private placement and received a commission equal to 6.0% of the gross proceeds of the offering, excluding gross proceeds from flow-through common shares subscribed for by President's List subscribers.
High North is a Calgary-based company that explores, develops and produces oil and natural gas in Western Canada.
Further information can be found on High North's website.