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Yahoo
02-04-2025
- Business
- Yahoo
Sixty North Gold Announces Closing of Second and Final Tranche of Non-Brokered Unit Offering
Vancouver, British Columbia--(Newsfile Corp. - April 2, 2025) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F40) (OTC Pink: SXNTF) (the "Company" or "Sixty North Gold") is pleased to report that further to its news releases of March 18th and March 21, 2025, the Company has closed the second and final tranche of 1,737,500 units (the "Units") at an offering price of $0.0825 to raise additional gross proceeds of $143,343.75 (the "Second Closing"). Each Unit consists of one (1) common share (the "Share") of the Company and one (1) non-transferable share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one additional Share of the Company at a price of $0.11 per Share for a period of eighteen (18) months; provided that if the closing market price of the Issuer's Shares on the Canadian Securities Exchange ("CSE") is greater than $0.18 per Share for a period of ten (10) consecutive trading days, the Company may deliver a notice (the "Notice") to the holders of Warrants that the Warrants will expire at 4 p.m. Vancouver time on the date that is thirty (30) days from the date of delivery of such Notice. The securities for the second tranche of the Offering will bear a legend restricting resale until August 3, 2025. Finders' fees of $1,485 in cash and 18,000 non-transferable finders' warrants on the same terms as the Warrants were paid to a finder under the offering pursuant to the policies of the CSE. The total net proceeds raised from the two tranches was $242,094.75 The proceeds from the Offering will be used for further exploration and development of the Mon Gold Property located in NWT, and for the Company's general working capital requirements. About the Company The Company is developing mining operations for gold on its 100%-owned Mon Gold Property, 40 km north of Yellowknife, NWT. Past production of the A Zone extracted 15,000 tonnes at 30 gpt gold from this vein (Company Technical Report, August 3, 2023, on SEDAR or The Yellowknife gold camp hosts two mines that averaged 30 gpt gold or better (Discovery and Sixty North Gold's Mon Mine), and two that averaged 15 gpt or better for a total production of over 14 million ounces of gold (Con Min and Giant Mine) (ref. Sixty North Gold NI 43-101, August, 2023). The property also hosts an outcropping precious-metals-rich VMS (volcanogenic massive sulphide) showing, and has four modelled geophysical targets along strike within felsic tuffs, lithic and lapilli tuffs. The Company plans to drill these targets with this funding. For more information, please refer to the Company's public filings available on SEDAR ( under the Company's profile. ON BEHALF OF THE BOARD OF DIRECTORS "Dave Webb"Dave Webb, President & CEO For further information, please contact:Dave WebbTel.: 604 818-1400 Email: dave@ Statements about the Company's future expectations and all other statements in this press release other than historical facts are "forward-looking statements". Such forward-looking statements are based on numerous assumptions, and involve known and unknown risks, uncertainties and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements. Further details about the risks applicable to the Company are contained in the Company's public filings available on SEDAR ( under the Company's profile. NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE. To view the source version of this press release, please visit
Yahoo
24-03-2025
- Business
- Yahoo
Sixty North Gold Mining Announces Debt Settlements
Vancouver, British Columbia--(Newsfile Corp. - March 24, 2025) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F40) (OTC Pink: SXNTF) (the "Company" or "Sixty North Gold") announces that it has arranged debt settlements with certain officers and a director of the Company, as well as a consultant of the Company, to settle a total of $151,426.15 in indebtedness for accrued management and consulting fees from the period May 1, 2024 to February 28, 2025, and other services, to be paid by the issuance and delivery of a total of 1,514,261 common shares of the Company in the aggregate, at a deemed value of $0.10 per share, plus GST (paid in cash). The shares will be subject to resale restrictions for a period of 4 months and a day from their date of issuance. About the Company The Company is developing mining operations for gold on its 100%-owned Mon Gold Property, 40 km north of Yellowknife, NWT. Past production of the A Zone extracted 15,000 tonnes at 30 gpt gold from this vein (Company Technical Report, August 3, 2023, on SEDAR or The Yellowknife gold camp hosts two mines that averaged 30 gpt gold or better (Discovery and Sixty North Gold's Mon Mine), and two that averaged 15 gpt or better for a total production of over 14 million ounces of gold (Con Min and Giant Mine) (ref. Sixty North Gold NI 43-101, August, 2023). Other targets on the property include silver and gold-rich volcanogenic massive sulphide (VMS) targets, as well as partially-exposed shear zone-hosted gold mineralization. For more information, please refer to the Company's public filings available on SEDAR+ ( under the Company's profile. ON BEHALF OF THE BOARD OF DIRECTORS "Dave Webb"Dave Webb, President & CEO For further information, please contact: Dave WebbTel.: 604 818-1400 Email: dave@ Statements about the Company's future expectations and all other statements in this press release other than historical facts are "forward-looking statements". Such forward-looking statements are based on numerous assumptions, and involve known and unknown risks, uncertainties and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements. Further details about the risks applicable to the Company are contained in the Company's public filings available on SEDAR ( under the Company's profile. The Canadian Securities Exchange has not approved nor disapproved the contentof this press release. To view the source version of this press release, please visit
Yahoo
21-03-2025
- Business
- Yahoo
Sixty North Gold Announces Closing of First Tranche of Unit Offering
Vancouver, British Columbia--(Newsfile Corp. - March 21, 2025) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F40) (OTC Pink: SXNTF) (the "Company" or "Sixty North Gold") is pleased to report that further to its news release of March 19, 2025, the Company has now closed its first tranche of 1,214,982 units for gross proceeds of $100,236. Each Unit will consist of one (1) common share (the "Share") of the Company and one (1) non-transferable share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one additional Share of the Company at a price of $0.11 per Share for a period of eighteen (18) months; provided that if the closing market price of the Issuer's Shares on the Canadian Securities Exchange ("CSE") is greater than $0.18 per Share for a period of ten (10) consecutive trading days, the Company may deliver a notice (the "Notice") to the holders of Warrants that the Warrants will expire at 4 p.m. Vancouver time on the date that is thirty (30) days from the date of delivery of such Notice. The securities for the Offering will bear legends restricting resale until July 22, 2025. The Company intends to close an additional tranche shortly. The net proceeds from the Offering will be used for further exploration and development of the Mon Gold Property located in NWT, and for the Company's general working capital requirements. About the Company The Company is developing mining operations for gold on its 100%-owned Mon Gold Property, 40 km north of Yellowknife, NWT. Past production of the A Zone extracted 15,000 tonnes at 30 gpt gold from this vein (Company Technical Report, August 3, 2023, on SEDAR or The Yellowknife gold camp hosts two mines that averaged 30 gpt gold or better (Discovery and Sixty North Gold's Mon Mine), and two that averaged 15 gpt or better for a total production of over 14 million ounces of gold (Con Min and Giant Mine) (ref. Sixty North Gold NI 43-101, August, 2023). The property also hosts an outcropping precious-metals-rich VMS (volcanogenic massive sulphide) showing, and has four modelled geophysical targets along strike within felsic tuffs, lithic and lapilli tuffs. The Company plans to drill these targets with this funding. For more information, please refer to the Company's public filings available on SEDAR ( under the Company's profile. ON BEHALF OF THE BOARD OF DIRECTORS "Dave Webb"Dave Webb, President & CEO For further information, please contact:Dave WebbTel.: 604 818-1400 Email: dave@ Statements about the Company's future expectations and all other statements in this press release other than historical facts are "forward-looking statements". Such forward-looking statements are based on numerous assumptions, and involve known and unknown risks, uncertainties and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements. Further details about the risks applicable to the Company are contained in the Company's public filings available on SEDAR ( under the Company's profile. NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE. To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
19-03-2025
- Business
- Yahoo
Sixty North Gold Announces a Non-Brokered Unit Private Placement to Raise up to $250,000
Vancouver, British Columbia--(Newsfile Corp. - March 18, 2025) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F40) (OTC Pink: SXNTF) (the "Company" or "Sixty North Gold") announces it intends to close a non-brokered private placement of up to 3,030,303 units ("Units") at a price of $0.0825 per Unit (the "Offering") to raise gross proceeds of up to $250,000. Each Unit will consist of one (1) common share (the "Share") of the Company and one (1) non-transferable share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one additional Share of the Company at a price of $0.11 per Share for a period of eighteen (18) months; provided that if the closing market price of the Issuer's Shares on the Canadian Securities Exchange ("CSE") is greater than $0.18 per Share for a period of ten (10) consecutive trading days, the Company may deliver a notice (the "Notice") to the holders of Warrants that the Warrants will expire at 4 p.m. Vancouver time on the date that is thirty (30) days from the date of delivery of such Notice. The securities will be subject to a hold period of four months and a day from their date of issuance. The net proceeds from the Offering will be used for further exploration and development of the Mon Gold Property located in NWT, and for the Company's general working capital requirements. About the Company The Company is developing mining operations for gold on its 100%-owned Mon Gold Property, 40 km north of Yellowknife, NWT. Past production of the A Zone extracted 15,000 tonnes at 30 gpt gold from this vein (Company Technical Report, August 3, 2023, on SEDAR or The Yellowknife gold camp hosts two mines that averaged 30 gpt gold or better (Discovery and Sixty North Gold's Mon Mine), and two that averaged 15 gpt or better for a total production of over 14 million ounces of gold (Con Min and Giant Mine) (ref. Sixty North Gold NI 43-101, August, 2023). The property also hosts an outcropping precious-metals-rich VMS (volcanogenic massive sulphide) showing, and has four modelled geophysical targets along strike within felsic tuffs, lithic and lapilli tuffs. There are plans to drill these as funding becomes available. For more information, please refer to the Company's public filings available on SEDAR ( under the Company's profile. ON BEHALF OF THE BOARD OF DIRECTORS "Dave Webb"Dave Webb, President & CEO For further information, please contact: Dave WebbTel.: 604 818-1400 Email: dave@ Statements about the Company's future expectations and all other statements in this press release other than historical facts are "forward looking statements". Such forward-looking statements are based on numerous assumptions, and involve known and unknown risks, uncertainties and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements. Further details about the risks applicable to the Company are contained in the Company's public filings available on SEDAR ( under the Company's profile. NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE. To view the source version of this press release, please visit Sign in to access your portfolio
