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Northern Superior Resources Inc V.SUP

Alternate Symbol(s):  NSUPF

Metals & Mining Gold
Northern Superior Resources Inc. is a Canada-based gold exploration company focused on the Chibougamau Camp in Quebec, Canada. The Company has consolidated the land package in the region, with total land holdings exceeding 62,000 hectares (ha). The main properties include Philibert, Lac Surprise, Chevrier and Croteau. It also owns 72% of ONGold Resources Ltd., which is advancing exploration assets in Northern Ontario, including the district scale TPK Project. The Philibert Project is located 9 kilometers (km) from IAMGOLD Corporation’s Nelligan Gold project. It holds a majority stake of 75% in the Philibert Project, with the remaining 25% owned by Mines Royales and Soquem Inc., and retains an option to acquire the full 100% ownership of the project. Chevrier hosts an inferred mineral resource of 652,000 ounces Au and an indicated mineral resource of 260,000 ounces Au. Croteau hosts an inferred mineral resource of 640,000 ounces Au. Lac Surprise hosts the Falcon Zone Discovery.


TSXV:SUP - Post by User

Northern Superior Resources Inc
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Comment by kevoyon Sep 11, 2009 9:06pm
217 Views
Post# 16299587

RE: Gold's Time (Have a nice week-end) :^)

RE: Gold's Time (Have a nice week-end) :^)$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0Northern Superior 10-million-share private placement$0$0$0$0$02009-09-11 18:40 ET - Private Placement$0$0The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced July 28, 2009.$0$0$0$0Number of shares:  10 million flow-through shares$0$0Purchase price:  10 cents per share$0$0Warrants:  10 million share purchase warrants to purchase 10 million shares$0$0Warrant exercise prices:  16 cents for a one-year period and 20 cents in the second year$0$0Insiders:  MineralFields 2009-II Super Flow-Through LP, 150,000; MineralFields 2009-III Super Flow-Through LP, 500,000; MineralFields 2009-IV Super Flow-Through LP, 750,000; Pathway Quebec Mining 2009 Flow-Through LP, 7.5 million; MineralFields 2009 Super Flow-Through LP, 1.1 million (The portfolio manager for these insiders is Pathway Asset Management)$0$0Agent's fee:  $50,000 cash and one million options exercisable at 10 cents for two years into units (comprising one share and one-half of one warrant exercisable on the same terms as the warrants issued pursuant to the private placement) payable to Limited Market Dealer Inc.$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
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