Northgold raises SEK 40 million in IPO

9 maaliskuuta 2022

Northgold AB is a Swedish gold exploration and development company with multiple resource-stage projects in the Middle Ostrobothnia Gold Belt (MOGB) of Central Finland. The company’s projects host informal combined resources of 725 000 oz AuEq.

Northgold raised SEK 39.6 million in its IPO on Nasdaq First North and the proceeds will be used for conducting exploration activities with the goal of expanding the company’s gold resources to over 1,000,000 oz AuEq of NI43-101 compliant resources within 18 months of the first day of trading on First North.

Augment acts as the company’s financial adviser in the IPO.

Read the full press release here (in English).