Northway Resources is pleased to announce that it has closed its previously announced private placement of 6,900,000 common shares issued at a price of $0.10 per Share, for aggregate gross proceeds of $690,000. A cash commission equal to $46,200 was paid to Sprott Global Resource Investments Ltd. In addition, Sprott received 462,000 non-transferable warrants to acquire up to 462,000 Shares at a price of $0.10 per
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