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NORTHISLE ANNOUNCES CLOSING OF C$39.5 MILLION PRIVATE PLACEMENT FINANCINGS AND AGREEMENT WITH WHEATON PRECIOUS METALS
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES Vancouver, B.C. – NorthIsle Copper and Gold Inc. (TSXV: NCX, OTCQX:NTCPF) (“Northisle” or the “Company”) is pleased to announce that it has closed the previously announced brokered and non-brokered private placements for gross proceeds totalling C$39.5 million. Gross proceeds from the brokered listed issuer financing exemption (LIFE) private placement offering (the “Brokered Offering”) were approximately C$34.5 million, and gross proceeds from the non-brokered private placement with Wheaton Precious Metals Corp. (“Wheaton”) (the “Non-Brokered Offering”, and collectively with the Brokered Offering, the “Offering”) were approximately C$5 million. Sam Lee, President and CEO of Northisle stated: “We are pleased to welcome Wheaton, a leading precious metals company, and several significant institutional investors to our share registry. With an oversubscribed, upsized deal and the exercise of the Agents’ option, we can now confidently accelerate the development of the project through to a pre-feasibility study while continuing to advance the exploration of this highly prospective porphyry belt.”
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