28 May 2015
North Arrow Minerals Inc. (TSXV-NAR) ("North Arrow" or "Company") is pleased to announce it has closed the bought deal private placement announced on May 8, 2015. The Company has issued 4,211,000 flow-through common shares ("Flow-Through Shares") at a price of $0.95 per share for aggregate proceeds of $4,000,450 (the "Offering").
The Offering was led by Dundee Securities Ltd. on behalf of a syndicate of underwriters including Haywood Securities Inc. (collectively, the "Underwriters"). In connection with the Offering, the Underwriters received a cash commission on the sale of the Flow-Through Shares equal to 5% of the gross proceeds of the Offering. The Flow-Through Shares issued under the Offering are subject to a hold period, which will expire four months and one day from the date of closing, being September 29, 2015.