https://www.miningweekly.com
Exploration|Gold|PROJECT
Exploration|Gold|PROJECT
exploration|gold|project

Northern Star shows support for PolarX

27th February 2024

By: Creamer Media Reporter

     

Font size: - +

Global-scale Australian gold miner Northern Star has agreed to fully underwrite exploration and development company PolarX’s entitlement offer that seeks to raise about A$4.92-million.

PolarX will offer 409.9-million shares at a discounted 1.2c a share to eligible shareholders on a 1:4 basis.

The offer proceeds will secure PolarX’s ownership of Caribou Dome, in Alaska, and fund exploration and development at the Alaska Range project, as well as the Humboldt Range project, in Nevada.

Northern Star has owned and operated its Pogo gold mine since 2018. Pogo is situated north-east of PolarX’s Alaska Range project.

Northern Star is an existing 10.6% shareholder of PolarX and has agreed, pursuant to an underwriting agreement, to be allocated any new shares not subscribed for in the entitlement offer or through the shortfall offer.

Edited by Creamer Media Reporter

Comments

 

Showroom

GreaseMax
GreaseMax

GreaseMax is a chemically operated automatic lubricator.

VISIT SHOWROOM 
Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.108 0.145s - 89pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: