Northstar Gold closes first financing tranche to fund work at Cam Copper Project

Northstar Gold closed the first tranche of a non-brokered private placement, raising $558,000 by issuing 9.3 million units at $0.06 per unit. The cash infusion provides near-term liquidity for the Vancouver-based gold explorer; the small size of the raise implies limited dilution and minimal likely market-moving impact.

Analysis

Northstar Gold closed the first tranche of a non-brokered private placement, raising $558,000 by issuing 9.3 million units at $0.06 per unit. The cash infusion provides near-term liquidity for the Vancouver-based gold explorer; the small size of the raise implies limited dilution and minimal likely market-moving impact.