High North Resources Ltd. (TSXV:HN) announced a private placement of up to 11,112,000 common shares at a price of CAD 0.45 per share for gross proceeds of up to CAD 5,000,400 and up to 9,091,000 flow through common shares at a price of CAD 0.55 per share for gross proceeds of CAD 5,000,050; for total gross proceeds of CAD 10,000,450 on July 28, 2014. The company has entered into an agreement with GMP Securities L.P., National Bank Financial Inc., and Integral Wealth Securities Limited as co-lead agents and Beacon Securities Ltd., along with GMP Securities L.P., and National Bank Financial Inc. as co-bookrunners for the transaction. The agents will act on commercially reasonable efforts basis for the transaction. The company will pay an agent's fee equal to 6% of the gross proceeds. 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 August 20, 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.

On August 28, 2014, the company announced that it has entered into an amendment agreement with co-lead agents and co-bookrunners. The company will issue now issue flow-through common shares only on commercially reasonable efforts basis. The transaction is expected to close on or about September 10, 2014.

On September 10, 2014, High North Resources Ltd. closed the transaction. The company issued 7,273,000 flow-through common shares for gross proceeds of CAD 4,000,150. The shares issued are subject to a hold period which expires four months and one day from the date of closing. The company paid 6% commission of the gross proceeds, excluding gross proceeds from flow-through common shares subscribed for by President's list subscribers. The TSX Venture Exchange has accepted filing documentation with respect to the transaction. The transaction includes partcipation 36 placees. Gabriel Ollivier subscribed 90,900 shares, Mark Soares subscribed 60,000 shares, Colin Soares subscribed 50,000 shares, Colin Soares of 674698 Alberta Ltd. subscribed 100,000, Rose Soares subscribed 15,000 shares, Kathryn Soares subscribed 15,000 and aggregate pro group subscribed 677,966 shares. The company has paid the cash commission of CAD 71,747.33 to GMP Securities L.P., CAD 71,747.33 to National Bank Financial Inc., CAD 71,747.33 to Integral Wealth Securities Limited., and CAD 12,527.31 to Beacon Securities Ltd.