Norsemont Mining Closes Second Tranche of Private Placement
Vancouver, British Columbia — December 23, 2025 — Leads & Copy —
Norsemont Mining Inc. (CSE: NOM, OTC: NRRSF, FWB: LXZ1) has completed the second and final tranche of its non-brokered private placement, issuing US$3,400,000 of principal amount of convertible debentures and 2,726,800 warrants for aggregate gross proceeds of US$3,400,000 (approximately CAD$4,690,096).
The total offering resulted in the issuance of US$10,929,000 of principal amount of convertible debentures and 8,765,058 warrants for aggregate gross proceeds of US$10,929,000 (approximately CAD$15,075,899.76).
Norsemont CEO Marc Levy expressed gratitude for Crescat’s increased ownership and the continued support of other strategic shareholders. He conveyed that the company values their conviction and anticipates collaborating with them to advance the Choquelimpie Project toward its next phase of development.
The company intends to use the proceeds from the offering for general working capital purposes, mineral exploration, and advancement of the Choquelimpie gold-silver-copper project.
Each convertible debenture unit comprises one convertible debenture in the principal amount of US$1,000, which is convertible into common shares of the company at a conversion price of C$0.86 per share. It also includes 802 transferable common share purchase warrants, each entitling the holder to purchase one common share at a price of C$1.00 per warrant share for a period of three years from the date of issuance, subject to acceleration rights for both the convertible debentures and the warrants. The convertible debentures bear interest at a rate of 5.25% per annum with a maturity date of three years from the closing date. Additionally, the convertible debentures include a gold purchase right whereby, upon commercial production and for a period of one year from commercial production, the subscriber may purchase gold from the company at a fixed price of US$3,000 per ounce, up to the subscription amount of the subscriber.
More information regarding the offering is available in the company’s news releases dated December 7 and December 21, 2025, and in the Form 9 posted under the company’s profile on the CSE website.
All securities issued in connection with the offering, including any conversion shares and warrant shares, are subject to a restricted period of four months and one day from the closing date.
The securities offered have not been and will not be registered under the U.S. Securities Act of 1933 or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.
Marc Levy is the CEO & Chairman of Norsemont Mining Inc.
Investor Relations Contact: Paul Searle (778) 240-7724, psearle@norsemont.com
Source: Norsemont Mining Inc.
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