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May 14, 2013 : Northern Lion Completes Agreement with Centerra an... (more...)
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| | Tue Oct 5, 2004
Northern Lion Acquires 100% Of Haveri
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| | VANCOUVER, BRITISH COLUMBIA - Oct. 5, 2004 - Northern Lion Gold Corp. is pleased to announce that it has reached agreement with Mountain Province Diamonds Inc. to purchase Mountain Province's remaining 30% interest in the Haveri claims. Pursuant to the agreement, and subject to regulatory approval, Northern Lion will issue 4,000,000 shares to Mountain Province. The shares will be subject to a two-year hold period and volume restrictions on re-sale thereafter. Mountain Province has also agreed to provide Northern Lion a proxy for the purpose of voting the shares for a period of three years.
John Lando, Northern Lion President, commented: "The consolidation of our ownership of the Haveri Project was one of our top priorities. With this acquisition, we not only have 100% of the project and exposure to its potential, but we now also have complete control over its future exploration and development. Our current drilling is progressing quickly and with this agreement we are now in a position to significantly ramp-up our activities. We are very pleased."
Jan Vandersande, Mountain Province President, commented "We are excited about the Haveri Project and, as new shareholders we have great confidence in Northern Lion's ability to develop the Project to its fullest potential."
About Haveri
The Haveri Project comprises the Haveri and the Ansomaki claims. It encompasses an area of widespread gold and copper mineralization, within altered mafic and felsic volcanic and volcaniclastic rocks of the early Proterozoic Tampere Schist Belt, over an area 1.5 kilometers by 2.0 kilometers. The properties are located 175 kilometers north of Helsinki, in Finland, a mining-friendly and infrastructure-rich member of the European Union.
ON BEHALF OF THE BOARD OF
NORTHERN LION GOLD CORP.
John Lando, President
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Northern Lion Gold Corp.
John Lando
(604) 669-2701 or Toll Free: 1-800-663-0510
(604) 687-4670 (FAX)
or
Northern Lion Gold Corp.
Don Flahiff
(604) 669-2701 or Toll Free: 1-800-663-0510
(604) 687-4670 (FAX)
Email: info@northernliongold.com
Website: www.northernliongold.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release. |
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| | You can view the Next News Releases item: Thu Oct 21, 2004, Northern Lion Engages Roscoe Postle for Haveri Mine Resource Estimation
You can view the Previous News Releases item: Wed Aug 25, 2004, Northern Lion Commences Phase IV Exploration at Haveri
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