Northern Tiger seals C$3.62 million private placement of units, stock

Oversubscribed deal funds exploration on 3Ace Property in the Yukon

By Devika Patel

Knoxville, Tenn., Dec. 30 - Northern Tiger Resources Inc. said it settled a non-brokered private placement of units and stock. The oversubscribed deal priced for C$3 million on Dec. 15 and raised C$3.62 million.

The company sold 5,202,500 units of one common share and a half-share warrant at C$0.35 per unit. Each whole warrant will be exercisable at C$0.45 for two years. Northern Tiger also sold 4,493,500 flow-through common shares at C$0.40 apiece.

The price per share is an 11.11% premium to the Dec. 14 closing share price of C$0.36. The warrant strike price is a 25% premium to that price.

Proceeds will be used for exploration on Northern Tiger's 3Ace Property in the southeast Yukon.

The resource exploration company is based in Calgary, Alta.

Issuer:	Northern Tiger Resources Inc.
Issue:	Units of one common share and a half-share warrant, flow-through common shares
Amount:	C$3,618,275
Agent:	Non-brokered
Pricing date:	Dec. 15
Settlement date:	Dec. 30
Stock symbol:	TSX Venture: NTR
Stock price:	C$0.36 at close Dec. 14
Market capitalization:	C$23.76 million
Units
Amount:	C$1,820,875
Units:	5,202,500
Price:	C$0.35
Warrants:	One half-share warrant per unit
Warrant expiration:	Two years
Warrant strike price:	C$0.45
Stock
Amount:	C$1,797,400
Shares:	4,493,500
Price:	C$0.40
Warrants:	No

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