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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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Post by kevoyon Nov 24, 2016 6:23pm
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Post# 25511107

Northern Superior 40-million-share private placement

Northern Superior 40-million-share private placement

2016-11-22 16:52 ET - Private Placement

 

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Oct. 11, 2016.

 

Number of shares:  40 million shares

Purchase price:  five cents per share

Warrants:  20 million share purchase warrants to purchase 20 million shares

Warrant exercise price:  7.5 cents for a two-year period

Number of placees:  24 placees

Total pro group involvement:  4.56 million (13 placees)

 

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