Northstar Gaming Inc. announced a private placement of up to 30,000,000 subscription receipts for CAD 0.50 per subscription receipt for gross proceeds of up to CAD 15,000,000, and 50,000 preferred shares for CAD 100 per preferred share for gross proceeds of CAD 5,000,000, for aggregate gross proceeds of CAD 20,000,000 on September 15, 2022. The transaction remains open, and a further closing is anticipated in September.

On same date, the company issued 8,040,000 subscription receipts at a price of CAD 0.50 per subscription receipt for gross proceeds of CAD 4,020,000, and 50,000 preferred shares for CAD 100 per preferred share for gross proceeds of CAD 5,000,000 to Torstar Corporation, for aggregate gross proceeds of 9,020,000 in its first tranche.