Northern Vertex Raises $5M from Warrant Program

Northern Vertex Mining Corp (TSXV:NEE) has completed the warrant exercise incentive program announced Feb. 17, 2017. A total of 10,713,608 outstanding unlisted warrants were exercised under the Program raising gross proceeds of $5,000,054.
Kenneth Berry, President and CEO, stated “We are pleased that existing warrant holders participated in the early exercise incentive program. It is a further endorsement for the ongoing development plans and construction underway at the Company’s Moss Mine gold-silver project in Arizona.”
Pursuant to the Program, the Company has issued an aggregate of 5,356,804 common share purchase warrants (the “Incentive Warrants”) to the warrant holders who exercised their Warrants under the Program. Each Incentive Warrant entitles the holder to purchase one additional common share of Northern Vertex at a price of $1.00 per common share until March 24, 2021. The Incentive Warrants are subject to a four month hold period which expires on July 24, 2017.
The balance of the Warrants not exercised under the Program remain outstanding and continue to be exercisable for common shares of the Company on their current terms.
About Northern Vertex
Northern Vertex Mining Corp. is an exploration and mining company focused on the reactivation of its 100% owned Moss Mine Gold/Silver Project located in NW Arizona, USA. The Company’s management comprises an experienced management team with a strong background in all aspects of acquisition, exploration, development, operations and financing of mining projects worldwide. The Company is focused on working effectively and respectfully with our stakeholders in the vicinity of the historical Moss Mine and enhancing the capacity of the local communities in the area.
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