11 January 2021
North Peak Resources Ltd. is pleased to announce that it has completed its previously announced non-brokered private placement for aggregate gross proceeds of CAD$1,104,000. In connection with the private placement, 2,299,999 common shares of the company were issued at a price of $0.48 per Share.
The securities issued in connection with the private placement are subject to a four-month hold period, in accordance with applicable securities laws.
The company expects to use the proceeds from the Private Placement to fund exploration at its Kenogami Lake Project, as well as for general and administrative expenses.
In connection with the Private Placement, the Company has agreed to pay Canaccord Genuity Corp. a cash finder’s fee equal to 6% of the gross proceeds raised in respect of the aggregate sales to subscribers under the Private Placement that were introduced by Canaccord Genuity Corp. (up to $10,557.01).