North Bay Resources Announces Physical Gold + Shares Unit Financing
North Bay Resources (OTC:NBRI) has announced a private placement offering targeting verified accredited investors. The offering consists of units priced at $0.001 USD per unit, comprising 60% common shares and 40% physical gold from company production, aiming to raise up to $1,000,000 USD.
For every $10,000 investment, investors receive 10,000,000 shares and 1.3 ounces of gold. The post-closing valuation is expected to be approximately $5.5 million USD. The company plans to use proceeds primarily for working capital and gold production at their 96-ton-per-day Bishop Gold Mill and various mining projects, including the Fran Gold Project which has a non-NI 43-101 resource estimate of 474,001 ounces of gold.
North Bay Resources (OTC:NBRI) ha annunciato un'offerta di collocamento privato rivolta a investitori accreditati verificati. L'offerta consiste in unità al prezzo di 0,001 USD per unità, composte dal 60% di azioni ordinarie e dal 40% di oro fisico prodotto dall'azienda, con l'obiettivo di raccogliere fino a 1.000.000 USD.
Per ogni investimento di 10.000 USD, gli investitori ricevono 10.000.000 di azioni e 1,3 once d'oro. La valutazione post-chiusura è prevista intorno a 5,5 milioni di USD. La società prevede di utilizzare i proventi principalmente per il capitale circolante e la produzione di oro presso il loro impianto Bishop Gold Mill da 96 tonnellate al giorno e vari progetti minerari, incluso il Fran Gold Project, che ha una stima delle risorse non conforme a NI 43-101 di 474.001 once d'oro.
North Bay Resources (OTC:NBRI) ha anunciado una oferta de colocación privada dirigida a inversores acreditados verificados. La oferta consiste en unidades valoradas en 0,001 USD por unidad, compuestas por un 60% de acciones comunes y un 40% de oro físico producido por la empresa, con el objetivo de recaudar hasta 1.000.000 USD.
Por cada inversión de 10.000 USD, los inversores reciben 10.000.000 de acciones y 1,3 onzas de oro. Se espera que la valoración posterior al cierre sea aproximadamente de 5,5 millones de USD. La compañía planea utilizar los fondos principalmente para capital de trabajo y producción de oro en su planta Bishop Gold Mill de 96 toneladas por día y varios proyectos mineros, incluido el Fran Gold Project, que tiene una estimación de recursos no NI 43-101 de 474.001 onzas de oro.
North Bay Resources (OTC:NBRI)는 인증된 공인 투자자를 대상으로 하는 비공개 배정 공모를 발표했습니다. 이 공모는 단위당 0.001 USD 가격의 유닛으로 구성되며, 60%는 보통주, 40%는 회사 생산 물리적 금으로 구성되어 최대 1,000,000 USD를 조달하는 것을 목표로 합니다.
10,000 USD 투자당 투자자는 10,000,000주와 1.3온스의 금을 받습니다. 거래 종료 후 기업 가치는 약 550만 USD로 예상됩니다. 회사는 조달 자금을 주로 96톤/일 처리 능력을 가진 Bishop 금광 공장과 여러 광산 프로젝트, 그리고 NI 43-101 기준에 부합하지 않는 474,001 온스 금 자원이 추정된 Fran 금 프로젝트의 금 생산 및 운전자본에 사용할 계획입니다.
North Bay Resources (OTC:NBRI) a annoncé une offre de placement privé destinée aux investisseurs accrédités vérifiés. L'offre se compose d'unités au prix de 0,001 USD par unité, comprenant 60 % d'actions ordinaires et 40 % d'or physique issu de la production de la société, visant à lever jusqu'à 1 000 000 USD.
Pour chaque investissement de 10 000 USD, les investisseurs reçoivent 10 000 000 d'actions et 1,3 once d'or. La valorisation post-clôture est estimée à environ 5,5 millions USD. La société prévoit d'utiliser les fonds principalement pour le fonds de roulement et la production d'or dans leur usine Bishop Gold Mill de 96 tonnes par jour ainsi que pour divers projets miniers, y compris le projet Fran Gold, qui dispose d'une estimation des ressources non conforme à la norme NI 43-101 de 474 001 onces d'or.
North Bay Resources (OTC:NBRI) hat ein Privatplatzierungsangebot für verifizierte akkreditierte Investoren angekündigt. Das Angebot besteht aus Einheiten zum Preis von 0,001 USD pro Einheit, die zu 60 % aus Stammaktien und zu 40 % aus physischem Gold aus der Produktion des Unternehmens bestehen, mit dem Ziel, bis zu 1.000.000 USD zu sammeln.
Für jede 10.000 USD Investition erhalten Investoren 10.000.000 Aktien und 1,3 Unzen Gold. Die Bewertung nach Abschluss wird voraussichtlich etwa 5,5 Millionen USD betragen. Das Unternehmen plant, die Erlöse hauptsächlich für das Betriebskapital und die Goldproduktion in ihrer 96 Tonnen pro Tag verarbeitenden Bishop Goldmühle sowie für verschiedene Bergbauprojekte, darunter das Fran Gold Projekt mit einer nicht NI 43-101 konformen Ressourcenschätzung von 474.001 Unzen Gold, zu verwenden.
- Unique offering combining physical gold and shares provides direct exposure to gold production
- Company owns multiple mining assets including 70% of Bishop Gold Mill and stakes in various gold projects
- Fran Gold Project shows significant resource potential with 474,001 oz gold estimate
- Strategic location near major mines including Centerra Gold's Mt. Milligan and Artemis Gold's Blackwater
- Resource estimate is non-NI 43-101 compliant, indicating lower reliability
- Significant dilution for existing shareholders with units priced at $0.001
- Company is not a reporting issuer in Canada and trades on OTC markets, suggesting higher risk
- Post-money valuation of only $5.5M indicates early-stage development status
BISHOP, Calif., June 27, 2025 (GLOBE NEWSWIRE) -- North Bay Resources, Inc. (the “Company” or “North Bay”) (OTC: NBRI) is pleased to announce a private placement offering to residents of the United States (and globally as Canadian and non – United States Accredited Investors) who qualify as verified accredited investors pursuant to Rule 506(c) and Regulation D under the United States Securities Act of 1933. All US subscribers must complete and return the accreditation form and sufficient supporting information in order to satisfy Rule 506(c) under Regulation D.
The offering is for a Unit consisting of
The Offering is expected to close on or before July 31, 2025. No commissions or agent fees will be paid as part of the financing. The Company has contracted the services of Issuance.com to provide the online platform including 506c accreditation verification for US subscribers.
The securities being offered by the Company have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.
The Company is not a reporting issuer in any province or territory in Canada and its securities are not listed on any stock exchange in Canada.
For further information please go to https://invest.northbay-resources.com/ or contact the Company at invest@northbay-resources.com.
North Bay Resources
The Company owns and operates the 96 ton per day Bishop Gold Mill (
Bullion Alley - Main Zone | |||
| Mass (tonnes) | Average (g/t) | Total (grams) | Total (tr. ounces) |
| 20,035,146 | 0.50 | 10,051,730 | 323,170 |
Bullion Alley - Main Zone + East Extension | |||
| Mass (tonnes) | Average (g/t) | Total (grams) | Total (tr. ounces) |
| 43,797,234 | 0.34 | 14,743,070 | 474,001 |
Past exploration and development, including over 18,000m (55,000ft.) of diamond drilling, has shown large intercepts of mixed vein and disseminated gold. The deposit area has been identified to be in excess of 1000m x 100m x 300m within a known strike length of 1700m. The Fran Gold Project is next to Centerra Gold’s Mt. Milligan Project, with Reserves of 264Mt grading 0.3 gram per tonne gold and
On behalf of the Board of Directors of
NORTH BAY RESOURCES INC.
Jared Lazerson
CEO
X: @NorthBayRes
YouTube: North Bay Resources - YouTube
LinkedIn: North Bay Resources Inc | LinkedIn
Cautionary Statement: This news release contains “forward-looking information” within the meaning of the applicable securities regulations that is based on expectations, estimates, projections, and interpretations as of the date of this news release. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance including in respect of the size and use of proceeds of the Offering, the timing and ability of the Company to close the Offering, if at all, and the potential for the Company to achieve its stated objectives and/or meet expectations are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of the management of the Company, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking information.
Although the forward-looking information contained in this news release is based upon what the Company’s management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure prospective purchasers of the offered securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person associated with the Company assumes responsibility for the accuracy and completeness of any such forward-looking information.
The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.
FAQ
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