Nordic Closes Private Placement Offering

Nordic announced the first closing of the Corporation's previously announced private placement offering of flow-through units (the "Offering"). The Corporation issued 2,721,666 flow-through units (the "Units") at a price of $0.075 per Unit for gross proceeds of $204,125 to various subscribers. Each Unit consisted of one Class A common share of the Corporation issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) (a "Flow-through Share") and one half of one Class A common share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder thereof to purchase one regular Class A common share of the Corporation at a price of $0.10 for a period of 18 months from the date of issuance. The Flow-through Shares and Warrants will be restricted from transfer for a period of four months and a day from the date hereof in accordance with applicable securities laws.

Certain finders assisted the Corporation by introducing potential subscribers for the Offering and each finder received fees equal to a maximum of 10% of the purchase price of the Units sold to subscribers for the Offering introduced by such finder as well as warrants ("Finder's Warrants") equal to a maximum of 10% of the number of Units sold to subscribers for the Offering introduced by such finder. Each Finder's Warrant entitles the holder thereof to purchase one regular Class A common share of the Corporation at a price of $0.10 for a period of 18 months from the date of issuance.

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