North Peak Announces Non-Brokered Private Placement

Calgary, Alberta—On September 30, 2024, North Peak Resources Ltd. (TSXV: NPR) revealed plans to initiate a non-brokered private placement of up to 2,222,222 common shares at CAD$0.90 per share, aiming to raise up to CAD$2,000,000. An additional option allows the issuance of up to 333,333 more shares, potentially increasing total proceeds to CAD$2,300,000.

The capital raised will support the exploration and development of the company's mining assets, business development, and general administrative expenses. This initiative is subject to approval by the TSX Venture Exchange, with issued securities under a four-month hold period in compliance with applicable laws.

Potential commissions or finder's fees may be paid, contingent upon regulatory approval. The company, a Canadian-based gold exploration firm, focuses on acquiring historic gold sites with production potential and mine life extending over eight years in the northern hemisphere.