North Peak Resources Launches Private Placement

North Peak Resources Ltd. has announced a non-brokered private placement, aiming to raise up to C$6 million. This involves issuing up to 10 million equity units at C$0.60 per unit. Each unit includes one common share and a warrant allowing the purchase of an additional share at C$0.90 within 18 months. The company can potentially increase this offering for a total of C$6.9 million.

If shares trade consistently above C$1.50, an acceleration clause allows North Peak to shorten the warrant exercise period. The raised capital will support ongoing exploration and development of their mining assets, business growth, and administrative expenses.

TSX Venture Exchange's approval is pending, and a four-month hold period will apply under securities law. Commissions may be paid, in line with Exchange rules, to parties facilitating the placement.