Sixty North Gold Mining Ltd. announced a non-brokered private placement of up to 12,500,000 units at an issue price of CAD 0.12 per unit for gross proceeds of up to CAD 1,500,000 on May 1, 2023. Each unit will consist of one common share and one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase one additional share of the company at a price of CAD 0.18 per share for a period of two years, provided that if the closing market price for the Issuer's shares on the Canadian Securities Exchange is greater than CAD 0.28 per share for a period of ten consecutive trading days, then the company may deliver a notice to the warrant holders notifying such holders that the warrants must be exercised within thirty days from the date of delivery of such notice, otherwise the warrants will expire at 4:00 P.M on the thirty-first day after the date of delivery of the notice.

The securities will be subject to a hold period prohibiting resale for four months and a day from the date of closings. The terms of the transaction are subject to satisfactory notice to the Canadian Securities Exchange. Subscribers from international jurisdictions, and accredited investors in the United State America, may also participate subject to applicable local securities laws.

On the closing date, the company will pay to registered broker-dealer finders a cash fee of up to 10 % of the gross proceeds from the sale of the units, and shall issue to the finders, warrants to purchase shares equal to 10% of the units sold by each finder. The finder's warrants shall have the same terms as the warrants. The transaction will take place by way of a private placement to qualified investors in all the provinces of Canada.

The transaction is subjected to the exchange approval.