On October 17, 2025, Nord Precious Metals Mining Inc. closed the transaction. The company issued 13,056,041 units at a price of CAD 0.12 for gross proceeds of CAD 1,566,724.92 under LIFE offering and 20,277,292 units at a price of CAD 0.12 per share for gross proceeds of CAD 2,433,275.04 under concurrent non-brokered financing for aggregate proceeds of CAD 3,999,999.96. The 20,277,292 units that were issued in connection with the non brokered private placement are subject to a four month and a day hold period in accordance with Canadian securities laws.
The offering is subject to final TSX Venture Exchange acceptance. Research Capital Corporation were paid the amount of CAD 226,256 cash, and 1,885,467 non-transferable finder warrants. The finder warrants are at an exercise price of CAD 0.12 per share for a period of five years from closing.
Insiders of the company purchased a total of 1,533,333 units under the private placement,
