Northern Freegold Closes Expedited Private Placement for Gross Proceeds of $1,000,000

Northern Freegold Resources Ltd.(TSX:NFR) announced the closing of an expedited private placement for gross proceeds of $1,000,000. All proceeds from the placement will be used for for work on the Company’s Yukon properties.

As quoted in the press release:

All securities issued in connection with the private placement will be subject to a four month hold period expiring on December 31, 2012. The private placement remains subject to final acceptance by the TSX Venture Exchange.

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