North Peak Resources Concludes Private Placement

North Peak Resources Ltd. has announced the closing of a non-brokered private placement, raising $1,061,250. This involved the issuance of 1,414,998 common shares at $0.75 each. These securities are subjected to a four-month hold period. The company plans to use the capital to further explore and develop its mining assets and cover general expenses.

CEO Brian Hinchcliffe participated in the placement, acquiring 166,666 shares. Although this is a related party transaction, it is exempt from the typical requirements due to specific financial thresholds not being exceeded. The company expedited the closing process to focus on business needs.

As part of the arrangement, finder’s fees and warrants were issued to Canaccord Genuity Corp, StephenAvenue Securities Inc., and Haywood Securities Inc. These warrants are valid for 24 months with an exercise price of $0.90 per share.