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Northern Star takes stake in PolarX

19th December 2022

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – Gold miner Northern Star has taken a 10% interest in fellow-listed PolarX, as part of that company’s efforts to raise some A$1.48-million.

Northern Star has subscribed for 94.2-million shares in PolarX, at an issue price of 8c each, for a total investment of A$753 000.

PolarX on Monday said that the placement of its remaining 90.6-million shortfall offer shares was expected to raise an additional A$725 306. Since the end of November, the junior company has raised some A$3.63-million for drilling work at its  Humboldt Range gold/silver project, in Nevada.

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