Ontario -Northern Superior Resources Inc. (the 'Company' or 'Northern Superior') (TSXV: SUP; OTCQB: NSUPF) is pleased to announce that it has further increased the size of its previously announced, non-brokered private placement (the 'Offering'), with commitments forC$6,650,930 worth of investment in Northern Superior comprised of: a.C$3,321,417.00 , through the issuance of 3,690,463 'flow-though' common shares of the Company to purchasers inQuebec (the 'Quebec FT Shares'), at an issue price of$0.90 per Quebec FT Share; b.C$1,963,583.72 , through issuance of 1,664,054 charity 'flow-through' common shares of the Company to purchasers inQuebec ('Quebec Charity FT Shares' and together with the Quebec FT Shares, the 'FT Shares', at a front-end issue price of$1.18 per Quebec Charity FT Share and c. C$1,365,929.59 of hard dollar investment, through issuance of 2,038,701 common shares to investors, at an issue price of$0.67 per share.
The increase to the Offering size is due in part to four additional directors and the Cree Nation of
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This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in
About
Northern Superior is a junior exploration company exploring for gold in the
Northern Superior is a reporting issuer in
Contact:
Tel: (705) 525 0992
Fax: (705) 525 7701
Email: info@nsuperior.com
Web: www.nsuperior.com
Forward Looking Statement
This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words 'may', 'would', 'could', 'will', 'intend', 'plan', 'anticipate', 'believe', 'estimate', 'expect' and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.
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