55 North Mining Inc. announced a private placement of 1,608,734 units at a price of CAD 0.02 per unit for gross proceeds of CAD 32,175 on October 27, 2022. Each unit consists of one common share and one warrant, with each warrant entitling the holder to acquire a common share at CAD 0.05 per share for 48 months from the date of issuance.