On May 28, 2024, Northern Superior Resources Inc. closed a bought deal private placement of (i) 5,050,600 common shares of Northern Superior that qualify as “flow-through shares” (“FT Shares”) at a price of $0.99 per FT Share, for gross proceeds of $5,000,094; and (ii) 5,454,600 common shares of Northern Superior (“HD Shares”) at a price of $0.55 per HD Share, for gross proceeds of $3,000,030, for aggregate gross proceeds to the company of approximately $8 million.
Cormark Securities Inc. acted as sole underwriter and bookrunner of the offering.
Cassels acted for Cormark.