Northern Shield Announces Closing of Upsized C$2.7 Million Financing
OTTAWA, May 9, 2013 – Northern Shield Resources Inc. (“Northern Shield”) (TSXV: NRN) is pleased to announce that it has closed its previously announced brokered private placement financing for a total of 18,181,818 common shares (“Common Shares”) at a price of C$0.11 per Common Share for gross proceeds of approximately C$2 million (the “Brokered Offering”). Macquarie Capital Markets Canada Ltd. (“Macquarie”) acted as sole agent (the “Agent”) for the Brokered Offering. Teck Resources Limited (“Teck”) participated in the Brokered Offering purchasing 11,818,182 Common Shares.