From GlobeNewswire: 2025-05-16 17:09:00

Magnetic North Acquisition Corp. has completed an initial Closing for proceeds of CAD$200,000 of its non-brokered private placement. The Offering consists of unsecured, interest-bearing promissory notes for gross proceeds of up to CAD$500,000 with interest at ten percent. Each promissory note will have a face value of CAD$10,000, and the Term of the Offering will be sixty days from the date of Closing of each tranche. The Company intends to use the net proceeds for general corporate purposes. Magnetic North invests and manages businesses on behalf of its shareholders, with offices in Calgary and Toronto.



Read more at GlobeNewswire: Magnetic North Acquisition Corp. Announces an Initial