Northern Lights Resources Corp C.NLR

Alternate Symbol(s): NLRCF

Northern Lights Resources Corp. is an exploration and development company. The Company is engaged in advancing two projects: The 100% owned, Secret Pass Gold Project located in Arizona and Caldera Copper Project located in Lincoln County, Nevada. The Secret Pass Gold Project totals over 271 hectares (ha) comprised of one State mineral license (212 ha) and eight Bureau of Land Management mineral claims (65 ha). The Caldera project consists of over 55 BLM mineral claims with a total area of approximately 418 hectares. It also holds a 1% NSR royalty on the Medicine Springs Silver Project in Nevada. The Medicine Springs Project is located on the eastern edge of the Carlin Trend in southeastern Elko County, Nevada. Medicine Springs is a district scale exploration project comprising over 599 mineral claims over a total area of approximately 4,830 ha. It also has an option agreement to acquire a 100% interest in the Horetzky Copper Project located in the Babine porphyry copper belt.

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Northern Lights Resources Corp > Northern Lights Announces Share Consolidation

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Comment by happy75on May 17, 2022 7:41pm

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Post# 34690849

RE:RE:RE:RE:RE:Northern Lights Announces Share Consolidation

stockman2021 wrote:

happy75 wrote:

stockman2021 wrote: Reverse split? No surprise there. This stock and company are garbage and as usual when the going gets rough and the need to issue more paper becomes imperative, this is the go-to strategy these companies use to get around it.

Goldy and SOC are both idiots. These toss money at any junk like throwing darts at the board with a blindfold. That isn't an investment credo but just plain old stupid gambling. Anyone listening to these clowns deserves to lose it all.

so what's the reason behind the RS? 143 million shares outstanding isn't much. Companies usually do a split around 250-300 million outstanding shares.

The reason is obvious man. They can't issue more paper at these prices so they reverse to issue at a higher price and supposedly make it more attractive for dummies willing to give this company more money