Big North Announces Increase To Private Placement - 21 News Now, More Local News for Youngstown, Ohio -

Big North Announces Increase To Private Placement

Posted: Updated:

Vancouver, B.C. / ACCESSWIRE / March 13, 2014 / BIG NORTH CAPITAL INC. (TSX-V: NRT) (the Company or Big North“), is pleased to announce that further to its press release of January 10, 2014, it has increased the amount of its non-brokered private placement (the “Offering“). The Company will now be issuing up to 13,333,333 units (the “Units“) at a price of $0.06 per Unit for gross proceeds of approximately $800,000. The Units being offered pursuant to the Offering are comprised of one common share (each a “Common Share“) and one common share purchase warrant (a “Warrant“). Each Warrant will entitle the holder thereof to acquire one common share of the Company at a price of $0.075 for a period of 24 months from the closing of the Offering.

As announced on February 24, 2014, the Company closed the first tranche of the Offering for a total of 5,058,332 Units for gross proceeds of $303,500.

The Offering is subject to all necessary regulatory approvals, including the approval of the TSX Venture Exchange. All securities to be issued in the Offering will be subject to a four-month hold period in accordance with applicable securities laws.

The Company may pay a finder’s fee on the Offering upon regulatory approval.

The net proceeds of the Offering will be used for exploration of the Company’s mineral properties and for general working capital.

None of the securities issued in connection with the Offering will be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

For further information concerning this press release, please contact Spiro Kletas at (604) 629-8220.

ON BEHALF OF THE BOARD

(signed) “Spiro Kletas”___________________________
Spiro Kletas
President and Chief Executive Officer

Facebook: https://www.facebook.com/bignorthgraphite

Twitter: https://twitter.com/NRTgraphite

YouTube: http://www.youtube.com/bignorthgraphite
Flicker: http://www.flickr.com/photos/bignorthgraphite

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.

This news release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States.

ReleaseID: 413009

  • More From wfmj.comMore>>

  • Toledo zoo welcomes 100-year-old tortoise

    Toledo zoo welcomes 100-year-old tortoise

    Thursday, August 28 2014 8:11 AM EDT2014-08-28 12:11:09 GMT
    TOLEDO, Ohio (AP) - The newest resident of the Toledo Zoo is a 100-year-old dome-shelled Galapagos tortoise that weighs in at 440 pounds. The tortoise, named Emerson, arrived at the zoo Wednesday night from the San Diego Zoo. He was escorted by Toledo Zoo personnel on his flight to Detroit before being driven to Toledo and uncrated inside a heated shed. Handlers welcomed him with carrot and sweet potato treats and a neck rub. The (Toledo) Blade reports Emerson is the zoo's first Galapagos to...More >>
    TOLEDO, Ohio (AP) - The newest resident of the Toledo Zoo is a 100-year-old dome-shelled Galapagos tortoise that weighs in at 440 pounds. The tortoise, named Emerson, arrived at the zoo Wednesday night from the San Diego Zoo. He was escorted by Toledo Zoo personnel on his flight to Detroit before being driven to Toledo and uncrated inside a heated shed. Handlers welcomed him with carrot and sweet potato treats and a neck rub. The (Toledo) Blade reports Emerson is the zoo's first Galapagos to...More >>
  • Ohio serial rapist gets 135 years in prison

    Ohio serial rapist gets 135 years in prison

    Thursday, August 28 2014 8:10 AM EDT2014-08-28 12:10:21 GMT
    CLEVELAND (AP) - A man who was linked to seven Cleveland-area rapes when authorities reopened hundreds of previously unsolved rape cases has been sentenced to up to 135 years in prison. The sentence by a judge in Cuyahoga County on Wednesday means 69-year-old Robert Green likely will never get out of prison. He was indicted in five of the cases in November and two more in May. He pleaded guilty. The (Cleveland) Plain Dealer reports that the rapes occurred over nearly a decade. They were unso...More >>
    CLEVELAND (AP) - A man who was linked to seven Cleveland-area rapes when authorities reopened hundreds of previously unsolved rape cases has been sentenced to up to 135 years in prison. The sentence by a judge in Cuyahoga County on Wednesday means 69-year-old Robert Green likely will never get out of prison. He was indicted in five of the cases in November and two more in May. He pleaded guilty. The (Cleveland) Plain Dealer reports that the rapes occurred over nearly a decade. They were unso...More >>
  • Drone delays landing of Ohio hospital chopper

    Drone delays landing of Ohio hospital chopper

    Thursday, August 28 2014 8:08 AM EDT2014-08-28 12:08:46 GMT
    DAYTON, Ohio (AP) - Officials at a southwest Ohio hospital say a drone flying near the building delayed the landing of an emergency medical helicopter for nine minutes. The health of the patient aboard the helicopter trying to land at Miami Valley Hospital in Dayton wasn't compromised, but an official says the man flying the drone violated an FAA guideline that the operator must be at least 400 feet away from a hospital. Dayton Daily News reports that the Monday incident highlights the need ...More >>
    DAYTON, Ohio (AP) - Officials at a southwest Ohio hospital say a drone flying near the building delayed the landing of an emergency medical helicopter for nine minutes. The health of the patient aboard the helicopter trying to land at Miami Valley Hospital in Dayton wasn't compromised, but an official says the man flying the drone violated an FAA guideline that the operator must be at least 400 feet away from a hospital. Dayton Daily News reports that the Monday incident highlights the need ...More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 Worldnow and WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms