TORONTO, May 15, 2024 /CNW/ - Mason Resources Inc. (TSXV:LLG.VN) (OTCQX:MGPHF) ("Mason") is pleased to announce that it invested $1,000,000 in NorthX Nickel Corp. (CNSX:NIX.CN) (OTC-BB:RCHRF), formerly known as Archer Exploration Corp. ("NorthX"), under a private agreement transaction (the "Transaction") as part of a private placement of $2,275,000 in units of NorthX ("Units") announced by NorthX on April 26, 2024. Pursuant to the Transaction, Mason subscribed to 4,166,667 Units at a price of $0.24 per Unit, each Unit being comprised of one common share of NorthX (a "Share") and one Share purchase warrant of NorthX (a "Warrant"), and each Warrant entitling Mason to purchase one Share at a price of $0.36 per Share until May 14, 2027.
Read more at newswire.caMASON RESOURCES ANNOUNCES STRATEGIC INVESTMENT IN QUEBEC FOCUSED NORTHX NICKEL
Newswire.ca - Press Release
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