High North Resources Ltd. announced that it has received CAD 2.2 million in funding.
On December 30, 2014, High North Resources Ltd. closed the transaction. The company issued 12,915,146 flow-through common shares for gross proceeds of CAD 2,195,574.82. As part of the transaction, the company paid finder's fees of CAD 86,732.09 representing 6% of the gross proceeds. The transaction is subject to final approval from the TSX Venture Exchange. The transaction included participation from 12 places. Aggregate professional group subscribed for 1,470,000 shares. Integral Wealth Securities Limited, Wolverton Securities Ltd., and Richardson GMP Limited acted as finders to the company and received finder's fee of CAD 62,734, CAD 17,998, and CAD 6,000 respectively. Michael Black, Sarah Gingrich, Kathryn Samaras and Sierra Heisler of Fasken Martineau DuMoulin LLP acted as the legal advisors to the company.