May 18 (Reuters) - Royalty North Partners Ltd RNP.V
* Royalty North announces further increase to private placement financing and closing of second tranche
* Increased its non-brokered private placement financing of units at a price of $0.17 per unit to approximately $3.93 million
* Proceeds of placement will be used to repay shareholder loans used to facilitate early close of deal with SST construction
* Closed second tranche of private placement by issuing 6.8 million units for gross proceeds of approximately $1.16 million Source text for Eikon: Further company coverage: RNP.V