Northgold is a Swedish gold exploration and development company with multiple resource-stage projects in the Middle Ostrobothnia Gold Belt (MOGB) of Central Finland, including the Kopsa Gold-Copper project, the Kiimala Trend Gold project, and the Hirsikangas Gold project. The company strives to grow its gold mineral resources, make new gold discoveries, and ultimately extract gold from these under-explored areas in Central Finland.
The company will after the repayment of a bridge loan and issuing costs use the remaining net proceeds to analyse the results from a drilling program completed this year and finance operating costs.
Augment acted as financial advisor to Northgold in connection with the rights issue.