MAGNETIC NORTH ACQUISITION CORP. ANNOUNCES TIMING UPDATE ON NON-BROKERED PRIVATE PLACEMENT OF UP TO US$11.0 MILLION (CDN$15.4 MILLION)
Magnetic North Acquisition Corp. (TSXV: MNC) ("Magnetic North" or the "Company") as first announced on December 30, 2024 and updated on February 12, 2025 the Company intends to complete a non-brokered private placement of Series A Preferred Shares of the Company ("Preferred Shares") at a price of US$5.50 or CAD$7.70 per Preferred Share for gross proceeds of up to US$11,000,000 or CAD$15,400,000 (the "Offering"). Closing of the Offering has been extended and is currently anticipated to occur