Northern Freegold closes C$2.75 million private placement of units

By Laura Lutz

Des Moines, Jan. 5 - Northern Freegold Resources Ltd. settled a private placement of units for C$2,754,594.

The company sold 2,637,993 flow-through units and 744,000 non flow-through units.

Detailed terms of the units were not released.

Proceeds will be used for exploration on the company's Freegold Mountain project in the Yukon Territory and for general corporate purposes.

Northern Freegold is a resource exploration and development company based in Vancouver, B.C.

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