ONGold completed the acquisition of Northern Superior’s mining projects located in Ontario.
ONGold has completed financings for gross proceeds of $5.2 million. As result of this transaction, Northern Superior now holds 35,686,686 Common Shares of ONGold or 72.35% of the issued and outstanding Common Shares.
This acquisition is completed following receipt of conditional approval to list the Common Shares on the TSX Venture Exchange.
This transaction will allow Northern Superior and ONGold to unlock the considerable value of these world-class assets.
A Fasken team composed of Frank Mariage and Jean-Philippe Côté advised Northern Superior Resources Inc. in this acquisition.
Jurisdiction
- Ontario
