Northern Shield Closes First Tranche of Private Placement
Ottawa, Ontario (June 20, 2019) – Northern Shield Resources Inc. (“Northern Shield” or the “Company“) [TSX-V: NRN] is pleased to announce that it has closed the first tranche of a multi-faceted, non-brokered private placement financing (the “Offering“) of both units, comprised of one common share in the capital of the Company (a “Common Share“) and one-half of one Common Share purchase warrant (a “Warrant“) (each a “Unit”) and Common Shares issued on a flow-through basis within the meaning of the Income Tax Act (Canada) (each a “Flow-Through Share“). The Company is offering Units at $0.08 per unit and the Flow-Through Shares at $0.12 per share. The Offering is subject to the approval of the TSX Venture Exchange.
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