Northern Shield Completes Financing for Gross Proceeds of $1.7 million
Ottawa, Ontario (November 15, 2012) – Northern Shield Resources Inc. (“Northern Shield”) [TSX-V: NRN] is pleased to announce that it has completed a non-brokered private placement (the “Private Placement”) for gross proceeds of $1,400,000 by issuing 12,727,272 units (“Units”) at $0.11 per Unit. Each Unit consists of one common share and one half of one common share purchase warrant. Each whole warrant is exercisable for one common share at a price of $0.22 per common share for a period of 24 months. The Units are subject to a hold period of 4 months from the date of issuance and the Private Placement is subject to the final approval of the TSX Venture Exchange.