High North Resources Ltd. (TSXV-HN.V) closed the private placement of about 7.2 million common flow-through shares priced at 55 cents each, the company said Sept. 10.
Net proceeds of about CA$4 million will be used to incur Canadian Exploration Expenses, the company said.
GMP Securities LP, National Bank Financial Inc. and Integral Wealth Securities Ltd. were co-lead agents, and Beacon Securities Ltd. was an agent, the company said.
The shares are subject to a hold period that ends four months and one day from the closing date, the company noted.
Calgary, Alberta-based High North Resources Ltd. develops and produces oil and natural gas in Western Canada.
Recommended Reading
1Q24 Dividends Declared in the Week of April 29
2024-05-03 - With earnings season in full swing, upstream and midstream companies are declaring quarterly dividends. Here is a selection of dividends announced in the past week.
Analyst Questions Kimmeridge’s Character, Ben Dell Responds
2024-05-02 - The analyst said that “they don’t seem to be particularly good actors.” Ben Dell, Kimmeridge Energy Partners managing partner, told Hart Energy that “our reputation is unparalleled.”
Tellurian Reports Driftwood LNG Progress Amid Low NatGas Production
2024-05-02 - Tellurian’s Driftwood LNG received an extension through 2029 with authorization from the Federal Energy Regulatory Commission and the U.S. Army Corps of Engineers.
Zeta Energy Appoints Michael Everett as COO
2024-05-02 - Prior to joining Zeta Energy, a lithium-sulfur battery developer, Michael Everett previously served as president and COO at Advanced Battery Concepts.
Granite Ridge Resources Declares Quarterly Dividend
2024-02-20 - Granite Ridge Resources’ dividend is payable March 15.