Northern Star Resources Becomes Shareholder in PolarX
PolarX Limited (Company) (ASX:PXX) is pleased to advise that it has received further firm commitments to raise a total of approximately $1.48 million via a placement to Northern Star Resources Limited (ASX:NST) of 94,200,000 fully paid ordinary shares (Shares) at an issue price of 0.8 cents per Share to raise $753,600 (Placement); and placement of the remaining 90,663,222 Shortfall Offer Shares at an issue price of 0.8 cents per Share (Shortfall Placement), raising an additional $725,306 pursuant to the Shortfall Offer and the prospectus dated 26 October 2022. PolarX has now raised approximately $3.63 million since 30 November 2022 as drilling continues at the Humboldt Range Project in Nevada. Northern Star Resources Limited (Northern Star) subscribed for a total of 135,333,702 Shares under the Placement and Shortfall Placement,
representing approximately 10% of the Company’s issued capital post raise.
Arctic engineering and environmental services.
• Geotechnical Site Investigation • Offshore Drilling Specialists • Gravel, Placer Exploration • Large Diameter Bulk Sampling • Grouting, Anchoring & Piling • Wireline Coring NQ3 to PQ3 • Wireline CPT & Vane Testing • In-Situ Testing & Instruments • Heli-portable Drilling Systems • Sonic Capability • 3” to 24” Water Wells • Ground Improvement • Wide Range of Equipment • Highly Experienced Staff Anchorage, Alaska Ph: (907) 522-8263 Fx: (907) 522-8262 HGrey@Foundex.com Abbotsford BC Canada Ph: (604) 594-8333 www.Foundex.com
Northern Star is an ASX-listed gold company with a current market capitalization of $12 billion. A top 10 global gold producer, Northern Star own and operates mines in Western Australia and Alaska. PolarX welcomes Northern Star’s entry into the share register as a fellow Australian company operating in North America and looks forward to a mutually rewarding relationship. The Placement and Shortfall Placement Shares were issued in December 2022. Net proceeds from the Placement and Shortfall Placement will be used to fund exploration and development activities at the Company’s Humboldt Range Project and Alaska Range Project and provide general working capital.
We help mines thrive.
Victor Ross (907) 352-7809
victor.ross@stantec.com Steve Reidsma, PWS (907) 450-1425 steve.reidsma@stantec.com
JCM INDUSTRIES High Density Polyethylene Pipe offers countless advantages for Mining and Industrial Applications. Keep Those Advantages Working with JCM Industries Fittings and Fabrications for HDPE Pipe
BUILDING ALASKA ONE OUNCE AT A TIME Our firm understanding of Alaska’s unique challenges and commitment to HSSE and planning have translated into
Sustainable Designs Innovative Thinking Responsible Mining
satisfied mining clients across the state. We get dirty so you get the pay dirt.
wsp.com/mining
Arctic Trace ® Submersible Heat Trace Freeze Protection System "Inside the Pipe or Vessel" www.arctictrace.com (907) 522-3004 A pplications: Monitoring Wells Commercial Water Line Deep Well Tracing Gutter & Drain Waste & Vent Septic Tank & Sewer Outfall
REPAIR
CONNECTION
BRANCHING JCM INDUSTRIES, INC. - NASH, TEXAS, USA 75569-1220 Call Toll Free 1-800-527-8482 or 903-832-2581 www.jcmindustries.com RESTRAINT
Commitment to Safety & Quality | Anchorage · Kenai · Deadhorse www.conamco.com | 907-278-6600
12
February 2023 I The Alaska Miner I www.alaskaminers.org
www.alaskaminers.org I The Alaska Miner I February 2023
13
Made with FlippingBook. PDF to flipbook with ease