Northern Star Mining Corporation
TSX VENTURE : NSM

Northern Star Mining Corporation

December 20, 2007 15:44 ET

Northern Star Announces Closing of Non-Brokered Flow-Through Share Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 20, 2007) - Northern Star Mining Corporation ("Northern Star") (TSX VENTURE:NSM): Further to the Northern Star's news release dated December 10, 2007, Northern Star announces that it has closed the non-brokered private placement of 1,360,000 "flow-through" shares (the "Shares") at a price of $1.10 per Share, to raise gross proceeds of $1,496,000 (the "Offering"). The Shares will entitle the subscribers to certain income tax benefits applicable to "flow-through shares" under the Income Tax Act (Canada). MGI Securities Inc. of Toronto, ON, received a cash finder's fee of 5% for the Offering.

Northern Star will use the net proceeds from the offering to carry out further qualified exploration work on its exploration projects in Quebec.

ON BEHALF OF THE BOARD

Michel David, President

The TSX Venture Exchange has not reviewed the present information and is not responsible for the contents of this news release, which may contain forward looking statements.

Contact Information

  • Northern Star Mining Corporation
    Michel David
    President
    (819) 825-8088 or Toll Free: 1-800-460-5031
    (819) 825-1199 (FAX)
    Website: www.nsmgold.com