Northern Star becomes 10% Shareholder in PolarX Limited

PolarX Limited (ASX: PXX) has received further strong commitments to raise a total of ~ AU$1.48 million via Placement to Northern Star Resources Limited (ASX: NST) to raise AU$753,600. PXX will issue 94,200,000 fully paid ordinary shares to Northern Star at 0.8 cents per Share. The Company will raise the additional amount of AU$725,306 via the issue of remaining 90,663,222 Shortfall Offer Shares at an issue price of 0.8 cents per Share pursuant to the Shortfall Offer and the prospectus dated 26 October 2022.

The fund raised via Placement and shortfall placement will support the Company in exploration and development activities at PXX’s Humboldt Range Project and Alaska Range Project and provide general working capital

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