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55 North Mining raised $200,000 in final private placement, totaling $4.2 million, to advance its Manitoba gold project.
55 North Mining Inc. completed its third and final tranche of a non-brokered private placement, raising $200,000 and bringing total financing to $4,202,000.
The company issued 400,000 shares at $0.50 each, with all shares subject to a four-month and one-day hold period.
Proceeds will fund property payments, drilling at the Last Hope Gold Project in Manitoba, and general working capital.
The company now has about 33.25 million shares outstanding.
CEO Bruce Reid attributed the success to strong gold prices and ongoing shareholder support, highlighting progress toward advancing the project in 2026.
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55 North Mining recaudó $200,000 en la colocación privada final, totalizando $4.2 millones, para avanzar en su proyecto de oro de Manitoba.