Northern Sphere Mining Corp. (CNSX:NSM) announced a non-brokered private placement of 5,000,000 units at CAD 0.10 per unit for gross proceeds of CAD 500,000 on May 25, 2018. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at a price of CAD 0.12 per share for a period of 18 months from the date of closing. The company may pay finder’s fee in the transaction. The securities issued are subject to a hold period of four months from the date of issuance.