North Peak Resources Initiates Non-Brokered Private Placement

North Peak Resources Ltd., a company focused on gold exploration, announced plans for a non-brokered private placement. The company aims to issue between 3.0 and 5.0 million equity units at C$1.00 per unit. This could potentially yield C$3.0 to C$5.0 million in gross proceeds.

Each equity unit consists of one common share and a warrant to purchase an additional share at C$1.50. Warrants expire after 12 months, with an acceleration clause if the share price meets specific criteria.

The proceeds will support ongoing drilling at North Peak's Prospect Mountain property in Nevada, located in a historic gold mining area. The private placement awaits TSX Venture Exchange approval, and securities will adhere to a four-month hold period under securities laws.