First Nordic Metals Increases Private Placement and Secures Additional Funding

First Nordic Metals Corp announced an upsizing of its non-brokered private placement to C$68 million. This follows the C$30 million announcement made earlier. Additionally, the company has launched a C$12 million brokered private placement in partnership with Desjardins Capital Markets. This initiative aims to fund exploration and development projects in Sweden and Finland. The consolidation involves First Nordic's significant assets and Mawson Finland Limited's properties.

The agreement entails issuing 31,578,947 subscription receipts at C$0.38 per receipt, potentially generating C$12 million. The total potential funding from these initiatives is C$80 million. The funding will support the exploration and development of NordCo Gold's combined gold portfolio in Northern Europe and finance the associated transaction costs.