Nickel North Exploration Corp. announced a non-brokered flow-through private placement of up to 10 million flow-through units at a price of CAD 0.05 for gross proceeds of up to CAD 500,000 on November 7, 2022. Each flow-through unit will consist of one share and one non-transferable share purchase warrant.

Each whole flow-through warrant will entitle the holder to purchase one share at CAD 0.075 per share. The flow-through warrants will have an expiry date of two years from the date of issuance, subject to acceleration described as follows, The flow-through warrants shall be callable by the company should the daily volume-weighted average trading price of the common shares of the company on the exchange equal or exceed CAD 0.20 for a period of five (5) consecutive trading days, at any time during the period (i) beginning on the date that is one month from the closing date of the flow-through private placement, and (ii) ending on the date the flow-through warrants expire. The transaction is subject to regulatory approval.

All securities to be issued pursuant to the transaction are subject to a four-month hold period under applicable Canadian securities laws