SUDBURY, ONTARIO–(Marketwired – March 2, 2017) – Northern Superior Resources Inc. (“Northern Superior” or the “Company“) (TSX VENTURE:SUP) is pleased to announce that it has completed the first closing (the “First Closing“) of its $4.5M non-brokered unit and flow-through share private placement announced on February 13, 2017 (the “Offering“). In connection with the First Closing, the Company issued 58,200,000 units (“Units“) at CDN$0.05 per Unit and 3,400,000 flow through shares (“FT Shares“) at CDN$0.055 per FT Share to investors, for gross proceeds of CDN$3,097,000. The Company anticipates closing the remaining balance of the Offering within the next few days.
