Norse Gold Completes Private Placement and Awaits TSX-V Reactivation

Norse Gold Corp. has finalized its private placement financing, raising $1,000,000. This non-brokered offering involved the issuance of 10,000,000 units priced at $0.10 each. Each unit comprises one common share and one warrant, allowing the purchase of an additional share at $0.20 within two years. The proceeds will address outstanding payables and fund exploration at the Yellowknife Gold Belt property.

Reactivation on the TSX Venture Exchange is anticipated shortly, following the submission of all necessary documents. Once approved, Norse Gold's shares will shift from the NEX board, resuming trading under the symbol VKG as a Tier 2 Mining Issuer. The transition requires final TSX-V approval.

Insiders acquired $199,500 of the placement, adhering to regulatory exemptions. The reactivation marks a significant milestone for Norse Gold, which owns a key asset within the Yellowknife Greenstone Belt.