High North Resources Ltd. (TSXV:HN) announced a non-brokered private placement of up to 23,529,412 flow-through common shares at a price of CAD 0.17 per share for gross proceeds of up to CAD 4,000,000 on December 22, 2014. The company will issue securities in Canada and may also be sold in the United States pursuant to exemption provided under Regulation D. The transaction is expected to close on or about December 30, 2014. The securities issued in the transaction will be subject to a hold period of four months from the date of closing.

The transaction is subject to certain conditions including, but not limited to, receipt of all necessary regulatory approvals including the approval of the TSX Venture Exchange.