Eclipse Gold Mining closes $22.6 million financing in connection with Northern Vertex merger

January 14, 2021

On January 14, 2021, Eclipse Gold Mining Corp. (TSX.V: EGLD; OTC:EGLPF) (“Eclipse”) and Northern Vertex Mining Corp. (TSX.V:NEE; OTC-NASDAQ Intl: NHVCF) (“Northern Vertex”) announced the completion of Eclipse’s private placement, issuing 45,119,000 subscription receipts (the “Subscription Receipts”) at a price of C$0.50 per Subscription Receipt for gross proceeds of C$22,559,500 (the “Offering”). The Offering was conducted by a syndicate of agents led by Stifel GMP, and including Canaccord Genuity Corp., Raymond James Ltd., Beacon Securities Ltd. and P.I. Financial Corp. (collectively, the “Agents”) and is being completed in connection with the plan of arrangement transaction (the “Transaction”) between Northern Vertex and Eclipse that was announced on December 7, 2020.

Miller Thomson advised Stifel in the Offering with a team comprising of Lawrence Wilder, Adam Kline, Abid Ahmed, and Brandon Meyer (Capital Markets & Securities).