55 North Mining Inc announced a non-brokered private placement of 4,200,000 flow-through shares at a price of CAD 0.06 per share for gross proceeds of CAD 252,000 in December, 2018 . The company paid a finder's fees of CAD 8,160 to Gravitas Securities Inc in connection with the transaction. All securities issued in the transaction are subject to a hold period of four months and one day from the date of issuance.