55 North Mining Completes Second Tranche of Private Placement

Toronto-based 55 North Mining Inc. (CSE:FFF) has successfully closed the second tranche of its non-brokered private placement, netting $415,000 in gross proceeds. This follows a previous tranche that raised $3,587,000, bringing the total funds raised to $4,002,000. The latest tranche involved the issuance of 830,000 common shares priced at $0.50 each. No finder's shares or warrants were issued in this round.

The funds will be allocated towards property payments, initiating drilling programs, and providing working capital. With approximately 32.83 million common shares now issued, CEO Bruce Reid expressed confidence in continued investor support as the company progresses at its Last Hope Gold Project in Manitoba.