High North Resources Ltd. (TSXV-HN.V) closed the private placement of about 7.2 million common flow-through shares priced at 55 cents each, the company said Sept. 10.
Net proceeds of about CA$4 million will be used to incur Canadian Exploration Expenses, the company said.
GMP Securities LP, National Bank Financial Inc. and Integral Wealth Securities Ltd. were co-lead agents, and Beacon Securities Ltd. was an agent, the company said.
The shares are subject to a hold period that ends four months and one day from the closing date, the company noted.
Calgary, Alberta-based High North Resources Ltd. develops and produces oil and natural gas in Western Canada.
Recommended Reading
Exxon Mobil Guyana Awards Two Contracts for its Whiptail Project
2024-04-16 - Exxon Mobil Guyana awarded Strohm and TechnipFMC with contracts for its Whiptail Project located offshore in Guyana’s Stabroek Block.
Deepwater Roundup 2024: Americas
2024-04-23 - The final part of Hart Energy E&P’s Deepwater Roundup focuses on projects coming online in the Americas from 2023 until the end of the decade.
Deepwater Roundup 2024: Offshore Africa
2024-04-02 - Offshore Africa, new projects are progressing, with a number of high-reserve offshore developments being planned in countries not typically known for deepwater activity, such as Phase 2 of the Baleine project on the Ivory Coast.
TotalEnergies Starts Production at Akpo West Offshore Nigeria
2024-02-07 - Subsea tieback expected to add 14,000 bbl/d of condensate by mid-year, and up to 4 MMcm/d of gas by 2028.
E&P Highlights: Feb. 16, 2024
2024-02-19 - From the mobile offshore production unit arriving at the Nong Yao Field offshore Thailand to approval for the Castorone vessel to resume operations, below is a compilation of the latest headlines in the E&P space.