24 October 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 October 14, 2025, and October 22, 2025, the Company has now closed its second and final tranche of 833,333 units for gross proceeds of $50,000. Total gross proceeds from both tranches of the offering was $307,100.
Each $0.06 Unit is comprised of one Share and one-half of one common share purchase warrant of the Company (each whole warrant, a "Warrant"). Each Warrant will be exercisable to purchase one Share at a price of $0.10 for a period of twelve (12) months from the Closing Date, provided that if the closing market price for the Issuer's common shares on the Exchange is greater than $0.15 per share for a period of ten (10) consecutive trading days, then the Company may deliver a notice (the "Notice") to the Purchaser notifying such Purchaser that the Warrants must be exercised within thirty (30) days from the date of delivery of such Notice, otherwise the Warrants will expire at 4:00 p.m. (Vancouver time) on the thirty-first (31st) day after the date of delivery of the Notice.
The securities for the Offering will bear a legend restricting resale until February 25, 2026. No finder's fees were paid on this portion of the offering.
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.