Key Developments: Northern Freegold Resources Ltd (NFR.V)

NFR.V on TSX Venture Exchange

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Latest Key Developments (Source: Significant Developments)

Northern Freegold Resources Ltd Announces Closing Of Final Tranche Of Over-Subscribed Private Placement
Tuesday, 23 Apr 2013 02:30pm EDT 

Northern Freegold Resources Ltd announced that it has closed its second and final tranche of the private placement announced on April 3, 2013, for $737,400 by the issuance of 12,289,999 units at $0.06 per unit (the Units). Together with the first tranche of the offering Northern Freegold has raised aggregate gross proceeds of $1,563,500 by the issuance of 26,058,332 Units. The financing was initially announced for up to $1 million but was increased due to demand. Northern Freegold intends to use the net proceeds from the private placement on the Company's mineral properties and for general working capital.  Full Article

Northern Freegold Resources Ltd Announces Increase in Private Placement
Thursday, 11 Apr 2013 03:34pm EDT 

Northern Freegold Resources Ltd announced that it has increased its previously announced non-brokered private placement due to investor demand. The Company will now offer up to 25,000,000 units (the Units) at $0.06 for total gross proceeds of up to $1,500,000. Each Unit consists of one common share and one-half of one non-transferable common share purchase warrant (the Warrants). Each whole Warrant is exercisable to acquire an additional common share at $0.10 for 36 months. In the event that the Company's common shares trade at a 20-day volume- weighted average trading price (VWAP) of $0.15 cents or greater on the TSX Venture Exchange (or such other exchange on which the shares may be listed) at any time after four months and one day after the closing date, the Company may accelerate the expiry date of the Warrants by giving notice to the holders thereof, and in such case the Warrants will expire on the 30th day after the date on which such notice is given by the Company. The Company has received a subscription agreement from Sino-Canada Natural Resources Fund I to make an equity investment of $500,000. Under the terms of the agreement Sino-Canada has subscribed for 8,333,333 Units of the Company at a price of $0.06. Northern Freegold intends to use the net proceeds from the private placement on the Company's mineral properties and for general working capital.  Full Article

Northern Freegold Resources Ltd Closes First Tranche of Financing for CAD826,100
Friday, 5 Apr 2013 01:13pm EDT 

Northern Freegold Resources Ltd announced that has closed the first tranche of the private placement announced on April 3, 2013. A total of 13,768,333 units (the Units) have been completed for gross proceeds of CAD826,100. Each Unit consists of one common share and one-half of one non-transferable common share purchase warrant (the Warrants). Each whole Warrant is exercisable to acquire an additional common share at $0.10 for 36 months. In the event that the Company's common shares trade at a 20-day volume-weighted average trading price (VWAP) of $0.15 cents or greater on the TSX Venture Exchange at any time after four months and one day after the closing date, the Company may accelerate the expiry date of the Warrants by giving notice to the holders thereof, and in such case the Warrants will expire on the 30th day after the date on which such notice is given by the Company. Northern Freegold intends to use the net proceeds from the private placement on the Company's mineral properties and for general working capital. Eagle Plains Resources Ltd. (Eagle Plains) through its wholly owned subsidiary TerraLogic Exploration Inc. (TerraLogic) has subscribed for CAD500,000 or 8,333,333 Units. Northern Freegold and Eagle Plains have certain directors and/or executive officers in common. These individuals abstained from voting on the transaction. All of the securities issued in connection with the private placement are subject to a hold period expiring August 6, 2013.  Full Article

Northern Freegold Resources Ltd Announces Private Placement
Wednesday, 3 Apr 2013 04:15pm EDT 

Northern Freegold Resources Ltd announced that it is arranging a non-brokered private placement of up to 16.67 million units (the Units) at $0.06 for total gross proceeds of up to $1,000,000. Each Unit consists of one common share and one-half of one non-transferable common share purchase warrant (Warrants). Each whole Warrant is exercisable to acquire an additional common share at $0.10 for 36 months. In the event that the Company's common shares trade at a 20-day volume-weighted average trading price of $0.15 cents or greater on the TSX Venture Exchange (or such other exchange on which the shares may be listed) at any time after four months and one day after the closing date, the Company may accelerate the expiry date of the Warrants by giving notice to the holders thereof, and in such case the Warrants will expire on the 30th day after the date on which such notice is given by the Company. Eagle Plains Resources Ltd. (Eagle Plains) through its wholly owned subsidiary TerraLogic Exploration Inc. (TerraLogic) has committed to subscribe for $500,000 or 8,333,333 Units. Northern Freegold and Eagle Plains have certain directors and/or executive officers in common. These individuals abstained from voting on the transaction. Certain other investors and insiders of the Company have committed to purchase over $400,000 in subscriptions. Northern Freegold intends to use the net proceeds from the private placement on the Company's mineral properties and for general working capital.  Full Article

Northern Freegold Resources Ltd Announces Closing of Expedited Private Placement
Thursday, 30 Aug 2012 04:30pm EDT 

Northern Freegold Resources Ltd announced that subject to TSX Venture Exchange acceptance, it has closed an expedited private placement of 10,000,000 units at $0.10 per unit for total gross proceeds of $1,000,000. Each unit (the Units) consists of one common share and one-half of one non-transferable common share purchase warrant. Each whole warrant is exercisable to acquire an additional common share at $0.14 for 48 months. In the event that the Company's common shares trade at a twenty-day volume-weighted average trading price (VWAP) of $0.24 or greater on the TSX Venture Exchange (or such other exchange on which the shares may be listed) at any time after four months and one day after the Closing Date, the Company may accelerate the expiry date of the Warrants by giving notice to the holders thereof and in such case the Warrants will expire on the 30th day after the date on which such notice is given by the Issuer. Northern Freegold intends to use the net proceeds from the sale on the Company's Yukon mineral properties and for general working capital. All securities issued in connection with the private placement will be subject to a four month hold period expiring on December 31, 2012. The Company will pay commissions and finders' fees of 7% cash and 7% broker warrants in connection with the financing. The finder warrants will have the same terms as the warrants forming part of the units.  Full Article

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