26 November 2025
ixty North Gold Mining Ltd. (the "Company" or "Sixty North Gold") is pleased to report that further to its news releases of October 21, 2025 and November 17, 2025 regarding its unit offering (the "Offering"), the Company has now closed the second and final tranche of that Offering consisting of 8,904,320 units for gross proceeds of $979,475.20. The total gross proceeds from both tranches of the Offering was $1,649,969.20.
Each $0.11 Unit was comprised of one common (each, a "Share") and one non-transferable common share purchase warrant (each, a "Warrant") in the capital of the Company. Each Warrant will be exercisable to purchase one Share at a price of $0.15 for a period of twenty (24) months from the Closing Date.
The securities issued under the second tranche of the Offering will bear a legend restricting resale until March 22, 2026. Finder's fees of $76,758 in cash and 697,800 finder's warrants were paid on portions of this tranche, with the finder's warrants bearing the same terms as the Warrants. No insiders of the Company participated in the second tranche 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.