On June 27th Northstar Gold Corp. received notice from the OSC that the Company had been granted receipt of their Long Form Prospectus. Northstar Gold Corp. shares are expected to be listed on the Canadian Securities Exchange (CSE) under the ticker NSG after completing the IPO.
Northstar is focused on exploration, development and acquisition of quality properties in the prolific Abitibi Greenstone Belt. The Company's Flagship Project, the Miller Gold Property, is an historic advanced exploration-stage project situated 18 km southeast of Kirkland Lake, Ontario.
The Offering is priced at $0.30/share and is expected to close promptly. If you are interested in purchasing Northstar Gold Corp shares via this IPO, please contact your broker or individuals listed below as soon as possible for more information.
The Offering
The Offering is co-lead by Haywood Securities and Canaccord Genuity to facilitate a $3.5 million financing at $0.30 per share. Proceeds will be used to provide for a public listing and sufficient capital to advance the Company’s 100% owned historic Miller Gold Property, situated 18 km southeast of Kirkland Lake Gold’s Macassa South Mine Complex (SMC).
Northstar currently has 25.3M shares O/S and 30M shares F/D. Approximately 73% of these shares are held by management and insiders, who have committed to a 180 day lock up agreement post close. Half of these shares are subject to a 3 year escrow release.
Please click the link below to view the Company’s Investor Presentation, Fact Sheet, Miller Gold Property NI 43-101 Technical Report and Long Form Prospectus.
https://drive.google.com/open?id=1gwiO6gq5f7auPvsyxTzcGB_ugS8s4oJf
July 15, 2019 Northstar Gold Corp. IPO Webinar with Mike Sutton, Special Advisor, Brian P. Fowler, CEO and Derek Wood, Conduit IR
On July 15th, Northstar hosted a 1 hour IPO Webinar which was attended by more than 40 prospective investors. Listener sentiment was very positive. Please click the link below to listen to an abridged detailed discussion on the Company’s flagship Miller Gold Property provided by Brian Fowler and Mike Sutton, Special Advisor to the Company.
Northstar the Company
Northstar has operated for the past 10 years as a private company focused primarily on gold exploration in the prolific Kirkland Lake District in north eastern Ontario (>24.5M oz gold produced from 7 mines since 1915). During this time, the Company raised nearly $10M to acquire and advance 3-100% owned gold and base-metal properties in the Kirkland Lake
region. Prior to the IPO, in early 2019 the Company consolidated its share structure on a 6:1 basis, augmented and restructured the Board of Directors and Management Group with a number of highly experienced and accomplished mining, exploration, corporate development and investment banking professionals and raised $650k by way of Private Placement to provide for on-going exploration, the IPO and a public listing on the CSE.
The Flagship Property – Miller Gold Property
The Company’s key asset is the historic Miller Gold Property, situated 18 km southeast of Kirkland Lake Gold’s Macassa South Mine Complex (SMC) (2.2M oz current reserve @ 21.9 g/t Au and 1M oz current resource @ 17.1 g/t Au) in northeastern Ontario. The Miller Gold Property is centred on the historic Boston Creek Gold Camp and was the focus of a number of shallow mining ventures, including the Miller-Independence Mine during the early 1900’s. The Miller Gold Property has only been partially explored near surface and shares a number of important geological similarities with Kirkland Lake Gold’s SMC and Eldorado Gold’s nearby Lamaque Project in Quebec.
Northstar acquired the Miller Gold Property by staking in 2012 and since that time has spent $2M on ground geophysics, surface stripping, geological mapping, sampling, bulk sampling and surface drilling on the Property. This work partially validated a near-surface, 270,000 ounce historic gold estimate, averaging 11.5 g/t Au, at the historic Miller-Independence Mine*.
*Ontario Ministry of Northern Development and Mines Assessment report # OM87-6-L-239: AFRI file 32D04SW0265 “Mining and Geological Report on the 1987 Nortek Exploration Program” by Gordon B. French, President of French & Associates Inc., Highway 112, Tarzwell, Ontario.
The Company recently received a NI 43-101 Technical Report on the Property that recommends a 2-Phase, $2.2M exploration program designed to take the Property to the Mineral Resource stage. The Company has all required permits and has commenced a $1.1M Phase I exploration program that will entail surface stripping, mapping, sampling, 3D I.P geophysics and 3,000 metres of diamond drilling designed to upgrade the historic Miller-Independence gold estimate to an NI 43-101 Mineral Resource Estimate, and test a number of other near surface, high-grade vein and intrusion-hosted bulk tonnage gold targets.
Please feel free to contact us if you wish further information and to invest in our IPO. Thank you.
On behalf of the Board of Directors,
Mr. Brian P. Fowler, P.Geo.
President, CEO and Director
(604) 617-8191
bpfowler01@gmail.com
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the control of Northstar Goldcorp. which may cause actual results, performance or achievements of Northstar Goldcorp to be materially different from the results, performance or expectation implied by these forward looking statements. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors.
