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.
The proceeds from the IPO 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 acted as advisor to Northgold in connection with the transaction.