Northstar Gold Corp (CSE:NSG) (OTCMKTS:NSGCF) has closed the first tranche of a C$2.7 million financing to fund exploration at its flagship Miller gold project in Kirkland Lake, Ontario, it announced Wednesday. The first tranche of the non-brokered private placement consisted of nearly 4.3 million flow through units grossing C$1,381,200 and an additional 4.1 million non-flow-through units totaling C$1,034,375 for gross proceeds of around C$2.4 million. Under the term sheet, the flow through units were priced at C$0.32 and comprised of one flow through share and one-half of one non-flow-through warrant exercisable at C$0.45 for an 18-month period. The non-flow-through units were priced at C$0.25 and comprised of one share and one-half warrant exercisable at C$0.40 for an 18-month period.
Heritage Cannabis Holdings Corp (CSE:CANN) (OTCQX:HERTF) announced a definitive agreement Wednesday to acquire Canada-based recreational and medical cannabis company Premium 5 Ltd in a stock transaction. Premium 5 creates high-quality full spectrum concentrates and introduced one of the first hydrocarbon products in the Canadian market. Heritage will pay Premium 5 C$21 million in common shares, plus additional shares to compensate the Premium 5 shareholders for net working capital, the company said. The agreement also includes a series of revenue growth and gross margin milestones over the next 24 months that could allow Premium 5 to earn an additional C$20 million in Heritage shares.
Bam Bam Resources Corp (CSE:BBR) (OTCPINK:NPEZD) updated on drilling progress at its flagship Majuba Hill property in Nevada on Wednesday, the results of which it expects to lead to a ‘solid’ maiden NI 43-101 resource. As reported in October this year, a second phase of deep core drilling is now underway at the project and today, the group said 2,591 feet (790 meters) have now been submitted to the lab for analysis. The remaining 2,329 feet (709.6 meters)