Northern Sphere Mining Corp. (CNSX:NSM) announced a non-brokered private placement of up to 5,000,000 units at a price of CAD 0.08 per unit for gross proceeds of up to CAD 400,000 on September 20, 2018. Each unit consists of one common share of the company and one common share purchase warrant. Each warrant entitles the holder thereof to acquire one additional common share of the company at an exercise price of CAD 0.12 for a period of three years from date of closing, subject to adjustments in certain events. The company may pay finder's fee in the transaction. The transaction may be closed in tranches. The securities issued are subject to a hold period of four months from the date of closing.