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 is carrying out an IPO on Nasdaq First North Growth Market Sweden and the funds of SEK 43.5 million, with an over-allotment option of SEK 6.5 million, 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.